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Cross-country efficiency of secondary education provision: a semi-parametric analysis with non-discretionary inputs

Afonso, António; St. Aubyn, Miguel - European Central Bank - 2005

analysis output scores on nondiscretionary variables, both using Tobit and a single and double bootstrap procedure, we show …

Persistent link: https://www.econbiz.de/10005816218

A system approach for measuring the euro area NAIRU

Fabiani, Silvia; Mestre, Ricardo - European Central Bank - 2001

variance of the process. The latter is derived through bootstrap exercises using the models alone or pooled together. The …, the bootstrap exercises point to confidence bands close to 1 per cent around the estimated value. JEL Classification: C11 …

Persistent link: https://www.econbiz.de/10005530711

Is the demand for euro area M3 stable?

Warne, Anders; Bruggeman, Annick; Donati, Paola - European Central Bank - 2003

JEL Classification: C22, C32, E41

Persistent link: https://www.econbiz.de/10005531005

Forecasting inflation with thick models and neural networks

McNelis, Paul; McAdam, Peter - European Central Bank - 2004

models. They outperform the best performing linear models for “real-time” and “bootstrap” forecasts for service indices for …

Persistent link: https://www.econbiz.de/10005227535

Does the Greenspan era provide evidence on leadership in the FOMC?

El-Shagi, Makram; Jung, Alexander - European Central Bank - 2013

bootstrap analysis exploits information contained in these reaction functions and constructs counterfactual distributions of …

Persistent link: https://www.econbiz.de/10010693496

Optimism bias? The elasticity puzzle in international economics revisited

Corbo, Vesna; Osbat, Chiara - European Central Bank - 2012

main contribution is the use of bootstrap methods, which offer more insight into the Feenstra method and can explain why … researchers applying it may tend to find high estimates. The bootstrap not only allows us to obtain considerably less biased …

Persistent link: https://www.econbiz.de/10010686854

Inquiries on dynamics of transition economy convergence in a two-country model

Bruha, Jan; Podpiera, Jirí - European Central Bank - 2007

particular emphasis on the impact of productivity convergence and effects of timing of trade and financial liberalization on the … convergence patterns. We compare the mechanisms behind the three investment margins (horizontal investment to new varieties …

Persistent link: https://www.econbiz.de/10005816263

Inflation, factor substitution and growth

Klump, Rainer - European Central Bank - 2003

JEL Classification: E52, O11, O41

Persistent link: https://www.econbiz.de/10005344856

Transition economy convergence in a two-country model: implications for monetary integration

Bruha, Jan; Podpiera, Jirí - European Central Bank - 2007

In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our...

Persistent link: https://www.econbiz.de/10005344863

Why do financial systems differ? History matters

Monnet, Cyril; Quintin, Erwan - European Central Bank - 2005

We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...

Persistent link: https://www.econbiz.de/10005530714