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An alternative explanation of the prize puzzle
Giordani, Paolo (contributor) - 2001 - [Elektronische Ressource], Rev. November 19, 2001
This paper proposes a simple explanation for the frequent appearance of a price puzzle in VARs designed for monetary policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and empirics rather than the introduction of a commodity price....
Persistent link: https://www.econbiz.de/10001600038
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Error correction in DHSY
Eliasson, Ann-Charlotte (contributor);  … - 2002 - [Elektronische Ressource]
In this note, we consider the contradiction between the fact that the best fit for the UK consumption data in Davidson et al. (1978) is obtained using an equation with an intercept but without an error correction term, whereas the equation with error correction and without the intercept has...
Persistent link: https://www.econbiz.de/10001714625
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Technological breakthroughs and productivity growth
Edquist, Harald (contributor); Henrekson, Magnus (contributor) - 2004 - [Elektronische Ressource], Rev. January 23, 2006
This study consists of an examination of productivity growth following three major technological breakthroughs: the … original invention until a substantial increase in the rate of productivity growth can be observed. There is also strong … persuasive direct evidence that the steam engine producing industry and electric machinery had particularly high productivity …
Persistent link: https://www.econbiz.de/10002167825
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Bootstrapping DEA-based efficiency measures and Malmquist productivity indices : a study of Swedish eye-care service provision
Löthgren, Mickael; Tambour, Magnus - 1995
Persistent link: https://www.econbiz.de/10000921857
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Exports, imports and productivity : results from Indonesian establishment data
Sjöholm, Fredrik - 1997
Persistent link: https://www.econbiz.de/10000969949
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Bootstrapping the Malmquist productivity index : a simulation study
Löthgren, Mickael - 1997
Persistent link: https://www.econbiz.de/10000976654
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Testing constancy of the error covariance matrix in vector models
Eklund, Bruno (contributor); Teräsvirta, Timo (contributor) - 2004 - [Elektronische Ressource], Rev. January 18, 2006
-varying whereas the correlation remain constant over time. Under the parameterized alternative hypothesis the variance may change …
Persistent link: https://www.econbiz.de/10001924637
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Stronger evidence of long-run neutrality : a comment on Bernanke and Mihov
Giordani, Paolo (contributor) - 2001 - [Elektronische Ressource], Rev. May 11, 2001
Few propositions in macroeconomics are less controversial than long-run money neutrality, yet clear and robust empirical support has not been found in time series studies. Bernanke and Mihov (1998) are comparatively successful in this hunt, but their output response to monetary policy shocks...
Persistent link: https://www.econbiz.de/10001600067
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Testing parameter constancy in stationary vector autoregressive models against continuous change
He, Changli (contributor); Teräsvirta, Timo (contributor);  … - 2002 - [Elektronische Ressource], Rev. July 11, 2005
In this paper we derive a parameter constancy test of a stationary vector autoregressive model against the hypothesis that the parameters of the model change smoothly over time. A single structural break is contained in this alternative hypothesis as a special case. The test is a generalization...
Persistent link: https://www.econbiz.de/10001693105
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On seasonal error correction when the processes include different numbers of unit roots
Lyhagen, Johan (contributor); Löf, Mårten (contributor) - 2001 - [Elektronische Ressource], Rev. March 15, 2001
forecast mean squared error criterion and certain parameter estimation results indicate that, in practice, a cointegration …We propose a seasonal cointegration model [SECM] for quarterly data which includes variables with different numbers of … forecast, is an ordinary VAR model, also in annual differences. -- Seasonal cointegration ; forecasting …
Persistent link: https://www.econbiz.de/10001600047