Karine Gente

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a r t i c l e i n f o JEL classification: C12 C22 C32 F30 F31 Keywords: Fractional Integration Nonlinear modelling Mean reverting process Long-memory process This paper examines the time series behavior of monthly bilateral real exchange rates (RER) on a comprehensive sample of 78 industrialized and developing countries, using the US Dollar, the UK Pound(More)
This paper examines the relationships between the CAC40 index, the Dow Jones index and the Euro/USD exchange rate using daily data over the period 1999-2008. We find that these variables are I(1) nonstationary series, but they are fractionally cointegrated: equilibrium errors exhibit slow mean reversion, responding slowly to shocks. Therefore, with regard(More)
The views expressed in this paper are those of the authors and do not necessarily reflect those of the School of Economic at UNSW. Abstract Empirical evidence suggests that real exchange rates (RER) behave differently in developed and developing countries. We develop an exogenous 2-sector growth model in which RER determination depends on the country's(More)
We study the compatibility of the optimal population size concepts produced by different social welfare functions and egalitarism meant as " equal consumption for all individuals of all generations ". Social welfare functions are parameterized by an altruism parameter generating the Benthamite and Millian criteria as polar cases. The economy considered is(More)
Should a country invest more in human or physical capital? The present paper addresses this issue, considering the impact of different factor intensities between sectors on both optimal human and physical capital accumulation. Using a two-sector overlapping generations setting with endogenous growth driven by human capital accumulation, we prove that(More)
This paper develops a two goods overlapping generations model of a semi-small open economy. Since generations are not linked, the world interest rate and the domestic rate of time preference need not to be equal. Consequently, this setting represents the real minimal framework to study the e®ects of a world interest rate shock. We show that both medium and(More)
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