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Country effects in ISSP-1993 environmental data: Comparison of SEM approaches

Rivera, Pilar; Satorra, Albert - Department of Economics and Business, Universitat … - 2000

Structural equation models (SEM) are commonly used to analyze the relationship between variables some of which may be latent, such as individual ``attitude'' to and ``behavior'' concerning specific issues. A number of difficulties arise when we want to compare a large number of groups, each with...

Persistent link: https://www.econbiz.de/10005827459

Lyfe-cycle effects on household expenditures: A latent-variable approach

Ventura, Eva; Satorra, Albert - Department of Economics and Business, Universitat … - 1998

Using data from the Spanish household budget survey, we investigate life- cycle effects on several product expenditures. A latent-variable model approach is adopted to evaluate the impact of income on expenditures, controlling for the number of members in the family. Two latent factors...

Persistent link: https://www.econbiz.de/10005704947

The persistence of abnormal returns at industry and firm levels

Bou, Juan Carlos; Satorra, Albert - Department of Economics and Business, Universitat … - 2003

The present paper proposes a model for the persistence of abnormal returns both at firm and industry levels, when longitudinal data for the profits of firms classiffied as industries are available. The model produces a two- way variance decomposition of abnormal returns: (a) at firm versus...

Persistent link: https://www.econbiz.de/10005708014

Back to square one: Identification issues in DSGE models

Canova, Fabio; Sala, Luca - Department of Economics and Business, Universitat … - 2005

observational equivalence, partial and weak identification problems are widespread, that they lead to biased estimates, unreliable t … identification and study how small samples interact with parameters and shock identification. We provide diagnostics and tests to … detect identification failures and apply them to a state-of-the-art model. …

Persistent link: https://www.econbiz.de/10005772125

Identifying monetary policy shocks in Japan

Shioji, Etsuro - Department of Economics and Business, Universitat … - 1997

It is sometimes argued that the central banks influence the private economy in the short run through controlling a specific component of high powered money, not its total amount. Using a structural VAR approach, this paper evaluates this claim empirically, in the context of the Japanese economy....

Persistent link: https://www.econbiz.de/10005772448

Comment to "Weak instruments robust tests in GMM and the New Keynesian Phillips curve" by Frank Kleibergen and Sophocles Mavroeidis

Canova, Fabio - Department of Economics and Business, Universitat … - 2009

stochastic general equilibrium model. Identification problems emerge because not all the structural parameters are recoverable …

Persistent link: https://www.econbiz.de/10004980302

Notes on stochastic choice

Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 2005

A general formalism on stochastic choice is presented. Tje Rationalizability and Recoverability (Identification …) problems are discussed. For the identification issue parametric examples are analyzed by means of techniques of mathematical …

Persistent link: https://www.econbiz.de/10005704875

Spanish monetary policy: A structural VAR analysis

Shioji, Etsuro - Department of Economics and Business, Universitat … - 1997

Some past studies analyzed Spanish monetary policy with the standard VAR. Their problem is that this method obliges researchers to impose a certain extreme form of the short run policy rule on their models. Hence, it does not allow researchers to study the possibility of structural changes in...

Persistent link: https://www.econbiz.de/10005704964

Monetary policy misspecification in VAR models

Canova, Fabio; Pina, Joaquim Pires - Department of Economics and Business, Universitat … - 1998

We examine the effects of extracting monetary policy disturbances with semi-structural and structural VARs, using data generated by a limited participation model under partial accommodative and feedback rules. We find that, in general, misspecification is substantial: short run coefficients...

Persistent link: https://www.econbiz.de/10005704978

How much structure in empirical models?

Canova, Fabio - Department of Economics and Business, Universitat … - 2007

identification problems due, in large part, to the nature of DSGE models. The problems can be patched up in a number of ways but …

Persistent link: https://www.econbiz.de/10005707965