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consumption and income. Individual forecasters are in fact pessimistic, but show marked overconfidence rather than doubt. Whether …
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the 1995-2004 period. Introducing a real interest rate risk premium in the model increases its explanatory power. The …
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application to the income-consumption relationship, using monthly US time series. Evidence is found to support the claim that the … series ; business cycles ; conditional distribution ; consumption-income relationship ; copula ; multivariate time …
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component on top of the default spread structural models are designed to capture. -- corporate bonds ; credit risk ; yield …
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The effect of trade liberalization on the spatial concentration of economic activities is not straightforward. It has, on the one hand been widely argued that protectionism increase spatial concentration when firms locate close to the main domestic markets, but it has also been argued that trade...
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