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The effect of school finance reform on population heterogeneity

Aaronson, Daniel - Federal Reserve Bank of Chicago - 1998

This paper tests whether state school finance reform alters neighborhood income homogeneity. One implication of the … jurisdictions to set local tax and expenditure levels. The property tax revolt and the school finance equalization reform of the … that school finance has a significant effect on school district income sorting, especially among low income communities. …

Persistent link: https://www.econbiz.de/10005419876

Influence of News in Moscow and New York on Returns and Risks on Baltic State Stock Indices

Brännäs, Kurt; Soultanaeva, Albina - Institutionen för Nationalekonomi, Umeå Universitet - 2006

The impact of news of the Moscow and New York stock market exchanges on the returns and volatilities of the Baltic state stock market indices is studied using daily return data for the period of 2000-2005. A nonlinear time series model that accounts for asymmetries in the conditional mean and...

Persistent link: https://www.econbiz.de/10005424050

Discretized Time and Conditional Duration Modelling for Stock Transaction Data

Brännäs, Kurt; Simonsen, Ola - Institutionen för Nationalekonomi, Umeå Universitet - 2003

The paper considers conditional duration models in which durations are in continuous time but measured in grouped or discretized form. This feature of recorded durations in combination with a frequently traded stock is expected to negatively influence the performance of conventional estimators....

Persistent link: https://www.econbiz.de/10005651936

Integer-Valued Moving Average Modelling of the Number of Transactions in Stocks

Brännäs, Kurt; Quoreshi, Shahiduzzaman - Institutionen för Nationalekonomi, Umeå Universitet - 2004

The integer-valued moving average model is advanced to model the number of transactions in intra-day data of stocks. The conditional mean and variance properties are discussed and model extensions to include, e.g., explanatory variables are offered. Least squares and generalized method of moment...

Persistent link: https://www.econbiz.de/10005652061