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Obsolescence of Durable Goods and Optimal Consumption
Stacchetti, Ennio; Stolyarov, Dmitriy - Econometric Society - 2004
We study a model with a durable good subject to abrupt, periodic obsolescence, and characterize the optimal purchasing policy. Consumers optimally synchronize new purchases with the arrival of new durable models. Hence, some agents use a "flexible" optimal replacement rule that switches between...
Persistent link: https://www.econbiz.de/10005130217
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MONETARY EXCHANGE RATE MODEL REVISITED: COINTEGRATION AND FORECASTING IN HETEROGENEOUS PANEL DATA
BUTT, MUHAMMAD S.; IQBAL, AZHAR; AHMAD, NUZHAT - Econometric Society - 2004
ABSTRACT This study re-examines the exchange rate-monetary fundamentals link with in a panel data framework. Pure time …) and Groen (2000)). Using recently developed Panel Data Techniques; we would test the exchange rates and monetary … fundamentals in a quarterly panel of 19 countries mostly from developed region extending from 1973.1 to 1997.1. Present analysis …
Persistent link: https://www.econbiz.de/10005086422
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German Exchange Rate Exposure at DAX and Aggregate Level, International Trade, and the Role of Exchange Rate Adjustment Costs
Jamin, Gösta; Entorf, Horst - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
multi-factor modelling instead of augmented CAPM, application of moving window panel regressions, orthogonalization of …
Persistent link: https://www.econbiz.de/10005097722
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Testing the purchasing power parity in pooled systems of error correction models
Herwartz, Helmut; Reimers, Hans-Eggert - 2000
not invariant with respect to the investigated sample period. -- Purchasing power parity ; Panel cointegration ; Wild …
Persistent link: https://www.econbiz.de/10009612044
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A Multi-Level Panel Smooth Transition Autoregression for US Sectoral Production
Franses, P.H.; Fok, D.; Dijk, D. van - Econometric Society - 2004
-level smooth transition model for a panel of time series variables, which can be used to examine the presence of common non … features, and a fully heterogeneous model, which might render estimation problems for some of the panel members. To keep the …
Persistent link: https://www.econbiz.de/10005130166
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Fickle Investors : An Impediment to Growth?
Scott, A.; Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 1998
The aim of this paper is to construct theoretical models which help to shed light on the recent criticisms of volatile investment flows. We do not make any empirical attempt to establish the existence or gauge the importance of the adverse effects of volatile investment flows nor do we make any...
Persistent link: https://www.econbiz.de/10011091428
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Does future PC use determine our wages today? : evidence from German panel data
Anger, Silke; Schwarze, Johannes - 2002
Using 1985-1999 data from the German Socio-Economic Panel Study (GSOEP) to analyze wages we confirm the hypothesis that …
Persistent link: https://www.econbiz.de/10009620769
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Self-rated and changes in self-rated health as predictors of mortality : first evidence from german panel data
Schwarze, Johannes; Andersen, Hanfried H.; Anger, Silke - 2002
,096 respondents, aged 50 years and over, is drawn from the annual collections of data of the German Socio-Economic Panel Study (GSOEP … may be sufficient to rely on self-assessments of health at one point of time instead of using panel data. -- Mortality …
Persistent link: https://www.econbiz.de/10009626677
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Forecasting sectoral trade growth under flexible exchange rates
Herwartz, Helmut (contributor); Weber, Henning (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001918993
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Why do Companies issue Convertible Bond Loans? An Empirical Analysis for the Canadian Market
ter Horst, Jenke; Loncarski, I.; Veld, C.H. - Tilburg University, Center for Economic Research - 2006
We examine the wealth effects associated with the announcements of convertible debt offerings in the Canadian market for the period between 1991 and 2004.The average wealth effect for the three day event window is a significantly negative -2.7%.This result is in line with previous studies on...
Persistent link: https://www.econbiz.de/10011092219