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Access to finance: a functional approach to supply and demand

Fischer, Gregory - London School of Economics (LSE) - 2011

This paper provides a comprehensive description of the financial environment for households and small businesses in a defined geographical region. It develops a new, functional approach to financial access surveys, which involves asking detailed questions about how respondents meet their...

Persistent link: https://www.econbiz.de/10011071530

A VIABLE GOLD STANDARD REQUIRES FLEXIBLE MONETARY AND FISCAL POLICY

BUITER, W. - London School of Economics (LSE) - 1988

Persistent link: https://www.econbiz.de/10005776302

Technology dissemination and economic growth: some lessons for the new economy

Quah, Danny - London School of Economics (LSE) - 2002

This paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...

Persistent link: https://www.econbiz.de/10011071192

DEMAND AND EMPLOYMENT.

NICKELL, S.; KONG, P. - London School of Economics (LSE) - 1989

Persistent link: https://www.econbiz.de/10005661287

TECHNICAL PROGRESS AND JOBS.

NICKELL, S.; KOMG, P. - London School of Economics (LSE) - 1989

Persistent link: https://www.econbiz.de/10005661299

THREE SQUEEZES: THE DEMAND FOR LABOUR DURING DEPRESSIONS

NEWELL, A. - London School of Economics (LSE) - 1989

Persistent link: https://www.econbiz.de/10005661302

Instrumental variables estimation of stationary and nonstationary cointegrating regressions

Robinson, Peter M.; Gerolimetto, M. - London School of Economics (LSE) - 2006

Instrumental variables estimation is classically employed to avoid simultaneous equations bias in a stable environment. Here we use it to improve upon ordinary least squares estimation of cointegrating regressions between nonstationary and/or long memory stationary variables where the...

Persistent link: https://www.econbiz.de/10010744959

Band spectrum regression for cointegrated time series with long memory innovations

Marinucci, D. - London School of Economics (LSE) - 1998

Band spectrum regression is considered for cointegrated time series with long memory innovations. The estimates we advocate are shown to be consistent when cointegrating relationships among stationary variables are investigated, while OLS are inconsistent due to correlation between the regressor...

Persistent link: https://www.econbiz.de/10010745814

On determination of cointegration ranks

Li, Qiaoling; Pan, Jiazhu; Yao, Qiwei - London School of Economics (LSE) - 2009

We propose a new method to determine the cointegration rank in the error correction model of Engle and Granger (1987 …). To this end, we first estimate the cointegration vectors in terms of a residual-based principal component analysis. Then … the cointegration rank, together with the lag order, is determined by a penalized goodness-of-fit measure. We have shown …

Persistent link: https://www.econbiz.de/10010746018

Asset pricing tests with long run risks in consumption growth

Constantinides, George M.; Ghosh, Anisha - London School of Economics (LSE) - 2008

The Bansal and Yaron (2004) model of long run risks (LLR) in aggregate consumption and dividend growth and its extension that captures potential co- integration of the consumption and dividend levels, are tested on a cross-section of asset classes and rejected using annual data over the period...

Persistent link: https://www.econbiz.de/10011071278