Narrow search
Showing 1 - 10 of 82
Cover Image
Assessing the 'Engines of Liberation': Home Appliances and Female Labour Force Participation
Cavalcanti, Tiago; Tavares, José - C.E.P.R. Discussion Papers - 2006
The secular rise in female labour force participation, highlighted in the recent macroeconomics literature on growth and structural change, has been associated with the declining price and wider availability of home appliances. This paper uses a new and unique country dataset on the price of...
Persistent link: https://www.econbiz.de/10005662353
Cover Image
Factor Analysis with Large Panels of Volatility Proxies
Ghysels, Eric - C.E.P.R. Discussion Papers - 2014
We consider estimating volatility risk factors using large panels of filtered or realized volatilities. The data … structure involves three types of asymptotic expansions. There is the cross-section of volatility estimates at each point in … h of the data used to compute the volatility estimates which rely on data collected at increasing frequency, h ? 0: The …
Persistent link: https://www.econbiz.de/10011083764
Cover Image
The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse
Hau, Harald - C.E.P.R. Discussion Papers - 2002
on the role of transaction costs for financial price volatility. For stock prices above French francs (FF) 500, the … volatility metric, we calculate 47,213 hourly volatility measures for all CAC40 stocks in the price range from FF 400 to FF 600 … and measure the volatility impact of the transaction cost increase at FF 500. We find that the median hourly range …
Persistent link: https://www.econbiz.de/10005114161
Cover Image
On the Selection of Forecasting Models
Inoue, Atsushi; Kilian, Lutz - C.E.P.R. Discussion Papers - 2003
It is standard in applied work to select forecasting models by ranking candidate models by their prediction mean squared error (PMSE) in simulated out-of-sample (SOOS) forecasts. Alternatively, forecast models may be selected using information criteria (IC). We compare the asymptotic and...
Persistent link: https://www.econbiz.de/10005504404
Cover Image
Dualism and Cross-Country Growth Regressions
Temple, Jonathan; Woessmann, Ludger - C.E.P.R. Discussion Papers - 2006
This paper develops empirical growth models suitable for dual economies, and studies the relationship between structural change and economic growth. Structural change matters because, if the marginal product of labour varies across sectors, changes in the structure of employment can raise...
Persistent link: https://www.econbiz.de/10005504477
Cover Image
Optimal Speed of Transition 10 Years After
Boeri, Tito - C.E.P.R. Discussion Papers - 2000
The adjustment of labour markets during transition has been quite different from that anticipated by the Optimal Speed of Transition (OST) literature. In particular, it has involved stagnant unemployment pools, large flows to inactivity and strikingly low workers' mobility especially when...
Persistent link: https://www.econbiz.de/10005498036
Cover Image
The origins of the German current account surplus: Unbalanced productivity growth and structural change
Coricelli, Fabrizio; Ravasan, Farshad R; Wörgötter, … - C.E.P.R. Discussion Papers - 2013
The surge in the German current account surplus in the 2000s is often interpreted as the result of efficiency-enhancing structural reforms, especially in the labor market. However, this interpretation is puzzling because the growth rate of the German economy has been one of the lowest in the...
Persistent link: https://www.econbiz.de/10011083287
Cover Image
Window Selection for Out-of-Sample Forecasting with Time-Varying Parameters
Inoue, Atsushi; Jin, Lu; Rossi, Barbara - C.E.P.R. Discussion Papers - 2014
While forecasting is a common practice in academia, government and business alike, practitioners are often left wondering how to choose the sample for estimating forecasting models. When we forecast inflation in 2014, for example, should we use the last 30 years of data or the last 10 years of...
Persistent link: https://www.econbiz.de/10011083425
Cover Image
Economic Transition and Private-Sector Labor Demand: Evidence from Urban China
Iyer, Lakshmi; Meng, Xin; Qian, Nancy; Zhao, Xiaoxue - C.E.P.R. Discussion Papers - 2014
This paper studies the policy determinants of economic transition and estimates the demand for labor in the infant private sector in urban China. We show that a reform that untied access to housing in urban areas from working for the state sector accounts for more than a quarter of the overall...
Persistent link: https://www.econbiz.de/10011084427
Cover Image
Forecasting the Real Price of Oil in a Changing World: A Forecast Combination Approach
Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2013
The U.S. Energy Information Administration regularly publishes short-term forecasts of the price of crude oil. Traditionally, such out-of-sample forecasts have been largely judgmental, making them difficult to replicate and justify, and not particularly successful when compared with naïve...
Persistent link: https://www.econbiz.de/10011084729