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How important are volatility fluctuations for asset prices and the macroeconomy? we find that an increase in macroeconomic volatility is associated with and increase in discount rates and a decline in consumption..Printed Journal
A stylized fact of U.S. inflation dynamics is one of extreme persistence and possible unit root behavior. If so, the implications for macroeconomics and monetary policy are somewhat unpalatable. Our econometric analysis proposes a parsimonious univariate representation of the inflation process for the last 60 years, the nonlinear exponential smooth autoregressive. The empirical results confirm …
In this review the authors critically examine the nature of contemporary careers ad the direction in which careers research has developed over the past decade. Specifically, career concepts that emerged in the 1990s, including the protean and boundaryless career frameworks, as well as the next generation of career concepts, including integrative frameworks, hybrid careers, and the kaleidoscope …
In an interview, John C. Bogle, president of Vanguard's Bogle Financial Markets Research Center, talked about the global market crisis and his outlook for the future of the global economy. According to Bogle, there is always an element of repetition, and this present crisis has that. Investors refuse to concede that certain firms or financial instruments have very high risk. Therefore, people t…
In the United States, when a consumer presents a payment to a merchant, the merchant typically makes a request for authorization before accepting the payment. Personal information, such as an account number, address, or telephone number, are often enough to initiate a payment. A serious weakness of this system is that criminals who obtain the correct personal information can impersonate an hone…
When a CEO takes office, stakeholders dissect his or her intellectual, physical, and emotional capacities as they try to gauge whether the new leader will help them fulfill their aspirations and protect them from trouble. For the heir to a family business, the challenge of turning stakeholders into followers is particularly thorny: he or she must manage many constituencies--family members, dire…
From the early days of automated card sorting to the more recent times of the Internet and check imaging, payments and payments processing have continually embraced new technology. At the same time, the industry has been shaped by its share of entry and exit, through startups, mergers, and the reorganization of businesses seeking the proper scope of horizontal and vertical integration..Printed …
Printed Journal
Printed Journal
Printed Journal
The authors present a process for managing marketing communications (MARCOM) with multichannel retail customers by leveraging enterprise-level data to understand and predict customers' channel choices over time. The MARCOM process steps are as follows: 1. Estimate a segment level channel choice model. 2. Assign each existing customer to a segment, and profile the segments. 3. Predict the probab…
Salah satu fungsi Lembaga Penjamin Simpanan (LPS) adalah menjamin dana masyarakat yang tersimpan di perbankan. Bank-bank peserta penjaminan harus membayar premi, yang selama ini besarnya sama (flat) untuk semua. Premi jenis ini memiliki beberapa kelemahan, seperti terjadinya pengalihan risiko (risk shifting), subsidi silang (cross subsidy), investasi berisiko tinggi (excessive risk-taking), dan…
Printed Journal, baca ditempat
Penelitian ini bertujuan untuk menganalisis pengaruh rasio elektrifikasi terhadap IPM di Indonesia secara umum dan secara khusus, yaitu analisis spesifik terhadap provinsi yang sudah dipisahkan menjadi berbagai kategori. Lambatnya laju pertumbuhan IPM dan tidak meratanya IPM di berbagai provinsi mendorong pemerintah untuk mengupayakan solusi yang tepat untuk mengatasi permasalahan tersebut. Sal…