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Cross-Sectional Dispersion of Risk in Trading Time

Andersen, Torben - 2019

, while the time span of the data remains fixed, and the cross-sectional dimension is fixed or increasing. We derive a Central … Limit Theorem (CLT) for the cross-sectional beta dispersion at a point in time, enabling us to test whether this quantity … beta dispersion, as a function of time-of-day, changes across days. We extend this further by developing inference …

Persistent link: https://www.econbiz.de/10012480274

Education and the Age Profile of Literacy into Adulthood

Cascio, Elizabeth - 2008

effects are likely small in comparison to the differences by age revealed in the IALS. We go on to discuss how particular …

Persistent link: https://www.econbiz.de/10012464574

Has Monetary Policy Become More Efficient? A Cross Country Analysis

Cecchetti, Stephen G. - 2004

Over the past twenty years, macroeconomic performance has improved in industrialized and developing countries alike. In a broad cross-section of countries inflation volatility has fallen markedly while output variability has either fallen or risen only slightly. This increased stability can be...

Persistent link: https://www.econbiz.de/10012467715

The Impact of Presumed Consent Legislation on Cadaveric Organ Donation : A Cross Country Study

Abadie, Alberto - 2004

In the U.S., Great Britain, and in many other countries, the gap between the demand and the supply of human organs for transplantation is on the rise, despite the efforts of governments and health agencies to promote donor registration. In some countries of continental Europe, however, cadaveric...

Persistent link: https://www.econbiz.de/10012468089

Tax Effects on Work Activity, Industry Mix and Shadow Economy Size : Evidence from Rich-Country Comparisons

Davis, Steven J. - 2004

Guided by a simple theory of task assignment and time allocation, we investigate the long run response to national … differences in tax rates on labor income, payrolls and consumption. The theory implies that higher tax rates reduce work time in …

Persistent link: https://www.econbiz.de/10012468184

Business Cycles in Emerging Economies : The Role of Interest Rates

Neumeyer, Pablo A. - 2004

We find that in a sample of emerging economies business cycles are more volatile than in developed ones, real interest rates are countercyclical and lead the cycle, consumption is more volatile than output and net exports are strongly countercyclical. We present a model of a small open economy,...

Persistent link: https://www.econbiz.de/10012468306

Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies

Blonigen, Bruce A. - 2004

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...

Persistent link: https://www.econbiz.de/10012468315

Cross-country Conversion Factors for Sectoral Productivity Comparisons

Van Biesebroeck, Johannes - 2004

rather well in the long run, making it a good basis for comparison. At the same time, sectoral deviations from PPP are very …

Persistent link: https://www.econbiz.de/10012468414

Gold, Fiat Money, and Price Stability

Bordo, Michael D. - 2003

Which monetary regime is associated with the most stable price level? A commodity money regime such as the classical gold standard has long been associated with long-run price stability. But critics of the day argued that the regime was associated with too much short-run price variability and...

Persistent link: https://www.econbiz.de/10012468523

How Do Legal Differences and Learning Affect Financial Contracts?

Kaplan, Steven N. - 2003

analyses, contracts differ across legal regimes. At the same time, however, more experienced VCs implement U.S.-style contracts …

Persistent link: https://www.econbiz.de/10012468597