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Bayesian Estimation of a Dynamic Partial-Equilibrium Model for Investment

Kredler, Matthias - EconWPA - 2005

This paper revisits the question if the user cost of capital plays an important role for investment decisions using … intervals are more reliable when model parameters approach the bounds of their support. I use aggregate investment data from six … accounts for less than 10 percent of the variance in investment under the 99- percent confidence level; this result is robust …

Persistent link: https://www.econbiz.de/10005407891

Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years

Hall, Bronwyn H.; Mairesse, Jacques; Mulkay, Benoit; … - EconWPA - 1999

We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment … correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus … that of U.S. firms, and investment behavior today versus ten to twenty years ago. Although the econometric advances have …

Persistent link: https://www.econbiz.de/10005408002

SOCIO-ECONOMIC DEVELOPMENT : MATHEMATICAL MODELS BY DR.VSRS

DR.VSR.SUBRAMANIAM - EconWPA - 2005

The current population in the World has grown beyond the Break-even level of the food supplies, water, clothing and shelter. Techno- commercial systems are also within the utility of developed nations, but beyond the infrastructure and mental orientation of the Developing and Under Developed...

Persistent link: https://www.econbiz.de/10005119190

HOW BANKING SYSTEM IN POST-SOVIET ECONOMIES ASSIST TO THEIR DEVELOPMENT. THE CASE STUDY OF ARMENIA

Mnatsakanyan, Hakob; Kanas, Angelos; Rafayelov, Zohrak - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005407976

Impulse Response Priors for Discriminating Structural Vector Autoregressions

Dwyer, Mark - EconWPA - 1998

evidence that monetary policy reacts as quickly to fluctuations in money demand. … of the money supply rule, and lag length. Emprically, I find strong evidence in favor of interpreting shocks to the …

Persistent link: https://www.econbiz.de/10005556303

Policy Makers Priors and Inflation Density Forecasts

Vega, Marco - EconWPA - 2004

This paper models an inflation forecast density framework that closely resembles actual policy makers behaviour regarding the determination of the modal point, the uncertainty and asymmetry in the inflation forecasts. The framework combines policy makers prior information about these parameters...

Persistent link: https://www.econbiz.de/10005556367

Dynamic paths of the European economy: simulations using an EU aggregate model

Bagnai, Alberto; Carlucci, Francesco - EconWPA - 2002

Using an aggregate econometric model for the EU we investigate by simulation methods some dynamic paths of the European economy in the next five years under alternative hypotheses concerning the growth of world demand, the European currency/USD exchange rate, and the monetary policy.

Persistent link: https://www.econbiz.de/10005119065