Big Players in Slovenia

Roger Koppl, Dusan Mramor

Research output: Contribution to journalArticle

7 Scopus citations

Abstract

The subjectivism of Austrian economics helps to explain the statistical fact of long memory in asset prices. The theory of Big Players is an Austrian approach to understanding the effects of discretionary policymaking in markets. It leads to implications that can be tested with statistics. In particular, Big Players induce herding and, thereby, an increase of persistence in asset prices. A recent episode in Slovenian monetary theory provides a case study. This case study adds to a set of similar studies, all tending to support the theory of Big Players.

Original languageEnglish (US)
Pages (from-to)253-269
Number of pages17
JournalReview of Austrian Economics
Volume16
Issue number2-3
StatePublished - Sep 1 2003
Externally publishedYes

Keywords

  • Big Players
  • Herding
  • Monetary policy
  • R/S analysis
  • Slovenia

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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  • Cite this

    Koppl, R., & Mramor, D. (2003). Big Players in Slovenia. Review of Austrian Economics, 16(2-3), 253-269.