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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m…
Michael Grabinski, Galiya Klinkova
Diseases are spread due to the behavior of people. One may have millions of differently behaving people. For simplicity, humankind is only considering the average behavior. However, this simplification can lead to results tremendously different from the exact…
Carl M. Campbell III
In deriving the hybrid new Keynesian Phillips curve (HNKPC) in Galí and Gertler (1999) and Holmberg (2006) , i t is assumed that backward-looking firms index their prices to the average prices newly set last period plus last period’s inflation rate, resulting…
Ahmed Mohammed Bilal, Adam Mohammed Ibrahim Brroy, Nahid Alamin Ibrahim
The study examined the impact of microfinance on livelihood the main objective of the paper is to investigate and analyze the impact of micro finance on house hold livelihood in Red Sea State. In methodology the study used econometric and descriptive statisti…
Zhi Fan, Keqiang Li, Ya Zhou
Costless altruistic behaviors are special altruistic behaviors that benefit others at no own cost. While in literature, the motivations of typical altruistic behaviors that generally involve own cost have been studied intensively, it is not clear yet, on the…
Ebenezer Appiah, Koudalo Yawovi Mawulikplim Agbeko, Toure Moumbark, Rahman Dunya
Small and Medium Enterprises are an integral part of the modern world. In today’s intensively competitive business environment, the retail industry will be more important for developing economies because of the rising unemployment rate. The growth of the reta…
Saurabh Ghosh, Pawan Gopalakrishnan, Sakshi Satija
What are the quantitative effects of a government infused bank recapitalization in response to loan defaults? We analyze two different scenarios of government infused recapitalization using a dynamic stochastic general equilibrium (DSGE) model, calibrated to…
Xinhong Hu
The effectiveness of circuit breakers is widely discussed in previous studies, but few of them distinguish between price limits and market-wide circuit breakers. We develop a two-period Stackelberg game, testing the behavioral change of informed and uninforme…
Hermes Yukio Higachi, Ana Cristina Cruz de Faria, Adriana Sbicca, Jefferson Kato
The objective of this paper is to contribute to a theoretical explanation based on Behavioral Finance of three stylized facts of stock market actions which are considered puzzles by Efficient Market Hypothesis (EMH): an excess of volatility in relation to fun…
Cukwuemeka O. Onyimadu, Clifford C. Agbaeze, Daniel U. Sunday
The paper examines the effects of United States productivity shock on components of Nigeria’s external sector. Using a structural Macroeconomic Model (SMM), the paper modelled Nigeria’s external sector by using ten behavioural equations and four identities. T…
Yaya Keho
This study examines the impact of remittances on financial development in selected West African countries over the period from 1980 to 2017. Contrary to previous panel studies which relied on standard panel estimators, it uses an estimation method which contr…
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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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