Showing 1 - 10 of 10
New-Keynesian models are characterized by the presence of expectations as explanatory variables. To use these models for policy evaluation, the econometrician must estimate the parameters of expectation terms. Standard estimation methods have several drawbacks, including possible lack of...
Persistent link: https://www.econbiz.de/10005662376
This paper develops a method to analyse large cross-sections with non-trivial time dimensions. The method: (i) identifies the number of common shocks in a factor analytic model; (ii) estimates the unobserved common dynamic component; (iii) shows how to test for fundamentality of the common...
Persistent link: https://www.econbiz.de/10005067411
This Paper reviews recent econometric work on factor models in large cross-sections of time series. In this literature, traditional factor analysis is adapted to develop parsimonious estimation methods for high dimension time series models. The review covers problems of consistency and rates –...
Persistent link: https://www.econbiz.de/10005498094
We study the role of domestic and global factors on payoffs of portfolios built to mimic carry, dollar carry and momentum strategies. We construct domestic and global factors from a large dataset of macroeconomic and financial variables and find that global equity market factors render strong...
Persistent link: https://www.econbiz.de/10011084700
This paper analyses output and productivity for 450 US industries from 1958 to 1986. We make the following contributions. (i) We develop a method based on dynamic principal components to identify the number of common shocks to our data set. (ii) We propose a simple method for the estimation of...
Persistent link: https://www.econbiz.de/10005661648
abnormally low levels of life satisfaction. Using data from the World Values Survey and other sources, we study various … explanations of this phenomenon. First, we document that the disparity in life satisfaction between residents of transition and non … the aged population explain a great deal of the difference in life satisfaction between transition countries and other …
Persistent link: https://www.econbiz.de/10005667036
-time. We analyze the relationship between part-time work and life satisfaction, and between job satisfaction and preferred … working hours using panel data on life and job satisfaction for a sample of partnered women and men. We also utilize time … hypothesis in this context. Our main results indicate that partnered women in part-time work have high levels of job satisfaction …
Persistent link: https://www.econbiz.de/10008468702
satisfaction; job satisfaction; and life satisfaction. We account for interdependence within the family using data on partnered men … and women from the British Household Panel Survey. We find that men have the highest hours-of-work satisfaction if they … work full-time without overtime hours but neither their job satisfaction nor their life satisfaction are affected by how …
Persistent link: https://www.econbiz.de/10005123569
Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses … the level of satisfaction with political and economic institutions and with the education and health systems, whereas the …
Persistent link: https://www.econbiz.de/10009001061
We investigate how individual well-being is affected by unemployment. Analysing panel data on life satisfaction, we …
Persistent link: https://www.econbiz.de/10005656391