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The Effect of Disability on Labour Market Outcomes in Germany: Evidence from Matching
Lechner, Michael; Vazquez-Alvarez, Rosalia - C.E.P.R. Discussion Papers - 2004
If labour market policies aimed at people with disabilities are effective, we should observe no significant difference in labour market outcomes between disabled and non-disabled individuals. This Paper examines the impact of disability status on labour market outcomes using matching methods...
Persistent link: https://www.econbiz.de/10005498136
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New Extreme-Value Dependence Measures and Finance Applications
Poon, Ser-Huang; Rockinger, Michael; Tawn, Jonathan - C.E.P.R. Discussion Papers - 2001
In the finance literature, cross-sectional dependence in extreme returns of risky assets is often modelled implicitly assuming an asymptotically dependent structure. If the true dependence structure is asymptotically independent then existing finance models will lead to over-estimation of the...
Persistent link: https://www.econbiz.de/10005788871
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Two to Tangle: Financial Development, Political Instability and Economic Growth in Argentina (1896-2000)
Campos, Nauro F; Karanasos, Menelaos; Tan, Bin - C.E.P.R. Discussion Papers - 2008
.g., cabinet changes) has an indirect (through volatility) impact on growth; (iii) the effect of financial development is positive … and, surprisingly, not via volatility; (iv) the informal instability effects are much larger in the short- than in the …
Persistent link: https://www.econbiz.de/10005114221
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Growth, Volatility and Political Instability: Non-Linear Time-Series Evidence for Argentina, 1896-2000
Campos, Nauro F; Karanasos, Menelaos - C.E.P.R. Discussion Papers - 2007
What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …
Persistent link: https://www.econbiz.de/10005667076
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The Two Greatest. Great Recession vs. Great Moderation
Rivas, Gadea; Dolores, Maria; Gómez Loscos, Ana; … - C.E.P.R. Discussion Papers - 2014
to an end. This paper offers evidence that the decrease in output volatility still remains in force despite the GR and …
Persistent link: https://www.econbiz.de/10011083709
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The Missing Transfers: Estimating Mis-reporting in Dyadic Data
Comola, Margherita; Fafchamps, Marcel - C.E.P.R. Discussion Papers - 2015
Many studies have used self-reported dyadic data without exploiting the pattern of discordant answers. In this paper we propose a maximum likelihood estimator that deals with mis-reporting in a systematic way. We illustrate the methodology using dyadic data on inter-household transfers from the...
Persistent link: https://www.econbiz.de/10011272706
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Interaction Effects in Econometrics
Ozer-Balli, Hatice; Sørensen, Bent E - C.E.P.R. Discussion Papers - 2010
We provide practical advice for applied economists regarding specification and interpretation of linear regression models with interaction terms.
Persistent link: https://www.econbiz.de/10008554222
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Inequality in Vietnamese Urban-Rural Living Standards, 1993-2006
Booth, Alison L; Le, Huong Thu - C.E.P.R. Discussion Papers - 2010
Using data from five waves of the Vietnam Household Living Standard Survey, we find evidence of significant urban-rural expenditure inequality. Urban-rural inequality increased dramatically from 1993 to 1998, and peaked in 2002 before reducing slightly in 2004, and significantly in 2006. The...
Persistent link: https://www.econbiz.de/10008554227
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Short-Term Inflation Projections: a Bayesian Vector Autoregressive approach
Giannone, Domenico; Lenza, Michele; Momferatou, Daphne; … - C.E.P.R. Discussion Papers - 2010
In this paper, we construct a large Bayesian Vector Autoregressive model (BVAR) for the Euro Area that captures the complex dynamic inter-relationships between the main components of the Harmonized Index of Consumer Price (HICP) and their determinants. The model is estimated using Bayesian...
Persistent link: https://www.econbiz.de/10008468558
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Forecasting Large Datasets with Bayesian Reduced Rank Multivariate Models
Carriero, Andrea; Kapetanios, George; Marcellino, … - C.E.P.R. Discussion Papers - 2009
The paper addresses the issue of forecasting a large set of variables using multivariate models. In particular, we propose three alternative reduced rank forecasting models and compare their predictive performance for US time series with the most promising existing alternatives, namely, factor...
Persistent link: https://www.econbiz.de/10008528528