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Volume 1, September

Economies, Volume 1, Issue 1 (June 2013) – 3 articles , Pages 1-13

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A Note on Forecasting the Rate of Change of the Price of Oil: Asymmetric Loss and Forecast Rationality
Economies 2013, 1(1), 6-13; https://doi.org/10.3390/economies1010006 - 27 Mar 2013
Cited by 3 | Viewed by 3958
Abstract
We study whether forecasts of the rate of change of the price of oil are rational. To this end, we consider a model that allows the shape of forecasters’ loss function to be studied. The shape of forecasters’ loss function may be consistent [...] Read more.
We study whether forecasts of the rate of change of the price of oil are rational. To this end, we consider a model that allows the shape of forecasters’ loss function to be studied. The shape of forecasters’ loss function may be consistent with a symmetric or an asymmetric loss function. We find that an asymmetric loss function often (but not always) makes forecasts look rational, and we also report that forecast rationality may have changed over time. Full article
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Open AccessEditorial
Economies: An Open Access Journal for the Field of Development Macroeconomics
Economies 2013, 1(1), 3-5; https://doi.org/10.3390/economies1010003 - 17 Jan 2013
Viewed by 5039
Abstract
Economies (ISSN 2227-7099) is a new international, peer-reviewed open access journal for the academic fields of development economics and macroeconomics. While the latter seems to be clearly defined, development economics is not, because it is related to nearly all traditional economic sub-disciplines such [...] Read more.
Economies (ISSN 2227-7099) is a new international, peer-reviewed open access journal for the academic fields of development economics and macroeconomics. While the latter seems to be clearly defined, development economics is not, because it is related to nearly all traditional economic sub-disciplines such as macroeconomics, international trade and finance, as well as microeconomics and public finance. Typically, academic field journals of development economics cover all those economic sub-disciplines. Economies instead focuses mainly on the macroeconomic perspective of economic development and it intends to publish academic research that is of strong macroeconomic policy relevance. In general, contributions in Economies should foster understanding of the macroeconomic process of economic development, with the process of development not exclusively being reserved to what we typically call developing countries. Also, the group of developed economies is still developing in the sense of improving their living standards further. [...] Full article
Open AccessEditorial
Economies and Sustainability
Economies 2013, 1(1), 1-2; https://doi.org/10.3390/economies1010001 - 15 Jan 2013
Cited by 1 | Viewed by 3955
Abstract
The motivation for launching the journal Economies (ISSN 2227-7099) is my concern regarding human sustainability [1,2]. There are two major categories of economic systems: capitalism, or free market economy and socialism, or planned economy. The last 30 years have witnessed great social change [...] Read more.
The motivation for launching the journal Economies (ISSN 2227-7099) is my concern regarding human sustainability [1,2]. There are two major categories of economic systems: capitalism, or free market economy and socialism, or planned economy. The last 30 years have witnessed great social change in China, for example, indicating that the free market economy has prevailed and now dominates around the World. [...] Full article
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