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Price Impacts of Deals and Predictability of the Exchange Rate Movements
Ito, Takatoshi - 2006
different from zero in both 5-min and 1-min forecast horizons, but the significance disappears in the 30-minute interval. The t …
Persistent link: https://www.econbiz.de/10012465979
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A Short Note on the Size of the Dot-Com Bubble
DeLong, J. Bradford - 2006
A surprisingly large amount of commentary today marks the beginning of the dot-com bubble of the late 1990s from either the Netscape Communications initial public offering of 1995 or Alan Greenspan's "irrational exuberance" speech of 1996. We believe that this is wrong: we see little sign that...
Persistent link: https://www.econbiz.de/10012466660
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Macro-economic Management in an Electronic Credit/Financial System
Stiglitz, Joseph E. - 2017
Modern technology provides the basis of an efficient low-cost electronic payments as an alternative to the current system where fiat money is the medium of exchange. This paper explores possible macro-economic implication, showing how such a financial system might enhance government's ability to...
Persistent link: https://www.econbiz.de/10012455648
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The Quality of Ideas : Measuring Innovation with Multiple Indicators
Lanjouw, Jean O. - 1999
We model early expectations about the value and technological importance ('quality') of a patented innovation as a latent variable common to a set of four indicators: the number of patent claims, forward citations, backward citations and family size. The model is estimated for four technology...
Persistent link: https://www.econbiz.de/10012471439
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Bayesian Performance Evaluation
Baks, Klaas - 1999
This paper proposes a Bayesian method of performance evaluation for investment managers. We begin with a flexible set …
Persistent link: https://www.econbiz.de/10012471727
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Mortality Risk, Insurance, and the Value of Life
Bauer, Daniel - 2018
illness can significantly increase the value of statistical life, helping to reconcile theory with empirical findings that …
Persistent link: https://www.econbiz.de/10012480708
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Estimation and Evaluation of DSGE Models : Progress and Challenges
Schorfheide, Frank - 2011
advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future …
Persistent link: https://www.econbiz.de/10012461876
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Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy
Heckman, James J. - 2010
This paper compares the structural approach to economic policy analysis with the program evaluation approach. It offers …
Persistent link: https://www.econbiz.de/10012462546
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Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities
Klaiber, H. Allen - 2009
This paper outlines a new framework for gauging the properties of quasi-experimental estimates of the willingness to pay (WTP) for changes in environmental and other non-market amenities. As a rule, quasi-experimental methods cannot offer alternative hypotheses to judge the quality of their...
Persistent link: https://www.econbiz.de/10012463692
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Instruments of development : Randomization in the tropics, and the search for the elusive keys to economic development
Deaton, Angus S. - 2009
randomized controlled trials (RCTs) to accumulate credible knowledge of what works, without over-reliance on questionable theory …-based evaluation of projects is unlikely to lead to scientific progress in the understanding of economic development. I welcome recent … trends in development experimentation away from the evaluation of projects and towards the evaluation of theoretical …
Persistent link: https://www.econbiz.de/10012463957