Showing 1 - 10 of 22
This paper proposes a dynamic risk-based model that captures the high expected returns on value stocks relative to growth stocks, and the failure of the capital asset pricing model to explain these expected returns. To model the difference between value and growth stocks, we introduce a...
Persistent link: https://www.econbiz.de/10005504287
end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on …
Persistent link: https://www.econbiz.de/10011083302
This paper examines the longevity of entrants. We find size to be an important determinant of the chances of survival, this being particularly relevant to de novo entrants as compared to entry by established firms. Current size is also found to be a better predictor of failure than initial size....
Persistent link: https://www.econbiz.de/10005067401
unobservable individual heterogeneity, duration dependence, lagged duration dependence and state dependence. Three main results are …-employed (push effect). Second, unemployed individuals are found to be more likely to become self-employed but the duration of their …
Persistent link: https://www.econbiz.de/10005067538
interventions) on the duration of the target funds rate. Time deformation of the target funds rate is modelled as an autoregressive … process following the class of ACD models first proposed by Engle and Russell (1998). The duration of the target funds rate is … interventions into the ACD model finds that previous interventions lengthen the duration of the target funds rate. This result is …
Persistent link: https://www.econbiz.de/10005661586
Waiting-time targets are frequently used by policy makers in the healthcare sector to monitor provider's performance. Such targets are based on the distribution of the patients on the list. We compare and link such distribution with the distribution of waiting time of the patients treated, as...
Persistent link: https://www.econbiz.de/10005662025
We compare the duration and performance of different monetary regimes, especially the contrast between countries those … targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative … monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more …
Persistent link: https://www.econbiz.de/10005662031
This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures involving targeting workers with low incomes/abilities and targeting the unemployed under the criteria of "approximate welfare efficiency" (AWE). Thereby we can identify policies...
Persistent link: https://www.econbiz.de/10005666681
a central bank is to consider whether the duration intervals of past interventions matter for future interventions. The …
Persistent link: https://www.econbiz.de/10005791353
-2004. We estimate duration models dealing with selection on unobservables. We use weighted exogenous sampling maximum …
Persistent link: https://www.econbiz.de/10008528530