Showing 1 - 10 of 52
different bootstrap distributions. …
Persistent link: https://www.econbiz.de/10010877933
determinants, we resort to simulation and bootstrap methods for the analysis. Results based on the Common Correlated Effect …
Persistent link: https://www.econbiz.de/10008727299
We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary and external imbalances and inflation as relevant...
Persistent link: https://www.econbiz.de/10008498994
We employ bootstrap methods (Efron (1979)) to test the effect of an important electoral reform implemented in Italy …
Persistent link: https://www.econbiz.de/10008853865
, sustaining only modest cuts in emissions. These results are unaffected by uncertainty about the impact of catastrophe. By … contrast, uncertainty about the catastrophic threshold typically causes coordination to collapse. Whether the probability …
Persistent link: https://www.econbiz.de/10010877724
This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...
Persistent link: https://www.econbiz.de/10010877773
some recipients are exposed to uncertainty. Although, under certainty almost all uninvolved participants distribute … resources equally, they exhibit remarkable heterogeneity in just allocations under uncertainty. Moreover, uninvolved … participants allocate on average less to recipients exposed to higher degrees of uncertainty and allocations are correlated with …
Persistent link: https://www.econbiz.de/10010877816
prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost …
Persistent link: https://www.econbiz.de/10010877871
circulation model. It also features Epstein-Zin utility and uncertainty about climate sensitivity that resolves after some time …
Persistent link: https://www.econbiz.de/10010886106
). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability …
Persistent link: https://www.econbiz.de/10005249457