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Racial profiling or racist policing? : Bounds tests in aggregate data

Hernández-Murillo, Rubén (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002115973

Strategic asset allocation and consumption decisions under multivariate regime switching

Guidolin, Massimo (contributor); … - 2005

"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset returns. We find evidence that four separate regimes - characterized as crash, slow growth, bull and recovery states - are required to capture the joint distribution of stock and...

Persistent link: https://www.econbiz.de/10002917579

International evidence on the stability of the optimizing IS equation

Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001982872

Measuring interest rates as determined by thrift and productivity

Choi, Woon Gyu (contributor); Wen, Yi (contributor) - 2005

"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption-based and production-based models into a single general equilibrium framework. Based on the theoretical nonlinear relationships that link interest rates to both the marginal rates of...

Persistent link: https://www.econbiz.de/10002977395

Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development

Wen, 文一; Luo, Jinfeng - Federal Reserve Bank of St. Louis - 2015

We use cross-country data and instrumental variables widely used in the literature to show that (i) institutions (such … countries have entirely different determinants for income levels. In particular, geography, rather than institutions, explains … the income differences among agrarian countries, while institutions appear to matter only for income variations in …

Persistent link: https://www.econbiz.de/10011124402