Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10000869662
Modeling the offshoring of white-collar services : from comparative advantage to the new theories of trade and foreign … direct investment / James R. Markusen -- Service offshoring : threats and opportunities / Daniel Trefler -- Tradable services … : understanding the scope and impact of services offshoring / J. Bradford Jensen, Lori G. Kletzer -- Trends in employment at U …
Persistent link: https://www.econbiz.de/10003318294
Persistent link: https://www.econbiz.de/10000664213
Explores issues in financing retirement, from fundamental changes in types of pension plans offered to pension funds' investment strategies following the global financial crisis. Focuses in particular on the adequacy of individuals' and institutions' plans in the face of increasing life...
Persistent link: https://www.econbiz.de/10009007329
Germany and the United States are generally seen as the two competing systems of corporate governance. In search for a comparative welfare analysis of the financial systems, we are interested in (i) the aggregate value-added of corporate investments in the two countries and in (ii) the...
Persistent link: https://www.econbiz.de/10009578016
We reexamine the expectations theory of the term structure focusing on the question how monetary policy actions indicated by changes in the very short rate affect long-term interest rates. Our main point is that the expectations hypothesis implies that very long rates should only react to...
Persistent link: https://www.econbiz.de/10009578577
Alternative modeling strategies for specifying subset VAR models are considered. It is shown that under certain conditions a testing procedure based on t-ratios is equivalent to sequentially eliminating lags that lead to the largest improvement in a prespecified model selection criterion. A...
Persistent link: https://www.econbiz.de/10009583885
In this article we model the log of the U.S. and the U.K. real oil prices in terms of fractionally integrated processes with a mean shift. We use different versions of the tests of Robinson (1994), which have standard null and local limit distributions. The results indicate that if we model the...
Persistent link: https://www.econbiz.de/10009611543
A new kind of mixture autoregressive model with GARCH errors is introduced and applied to the U.S. short-term interest rate. According to the diagnostic tests developed in the paper and further informal checks the model is capable of capturing both of the typical characteristics of the...
Persistent link: https://www.econbiz.de/10009612047
Persistent link: https://www.econbiz.de/10001918978