Similar Search Results

Taylor rules and macroeconomic instability or how the Central Bank can pre-empt sunspot expectations

Weder, Mark (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001917100

Credit risk modeling and valuation : an introduction

Giesecke, Kay - 2002

Credit risk refers to the risk of incurring losses due to unexpected changes in the credit quality of a counterparty or … issuer. In this paper we give an introduction to the modeling of credit risks and the valuation of credit-risky securities …. We consider individual as well as correlated credit risks. -- compensator ; intensity ; credit risk ; default risk …

Persistent link: https://www.econbiz.de/10009625799

Assessing the discriminatory power of credit scores

Kraft, Holger; Kroisandt, Gerald; Müller, Marlene - 2002

We discuss how to assess the performance for credit scores under the assumption that for credit data only a part of the … ratio. -- credit rating ; credit score ; discriminatory power ; sample selection ; Gini coefficient ; accuracy ratio …

Persistent link: https://www.econbiz.de/10009626674

Further VAR evidence for the effectiveness of a credit channel in Germany

Holtemöller, Oliver - 2002

In this paper, the empirical relevance of the credit channel for the explanation of monetary policy transmission in … Germany during the period of monetary targeting from 1975 to 1998 is analyzed. While existing studies of the credit channel … empirical evidence for the effectiveness and relevance of a credit channel in Germany can be reported. -- vectorautoregressive …

Persistent link: https://www.econbiz.de/10009626675

Exploring credit data

Müller, Marlene; Härdle, Wolfgang - 2002

Credit scoring methods aim to assess the default risk of a potential borrower. This involves typically the calculation … of a credit score and the estimation of the probability of default. One of the standard approaches is logistic … discriminant analysis, also referred to as logit model. This model maps explanatory variables for the default risk to a credit …

Persistent link: https://www.econbiz.de/10009627282

Heterogeneous time preferences and interest rates : the preferred habitat theory revisited

Riedel, Frank - 1999

The influence of heterogeneous time preferences on the term structure is investigated. Motivated by the Preferred Habitat Theory of Modigliani and Sutch, a model for intertemporal preferences accounting for preferred habitats is proposed. In a heterogeneous world, preferred habitats can explain...

Persistent link: https://www.econbiz.de/10009579171

Animal spirits, technology shocks and the business cycle

Weder, Mark - 1997

In this paper a two-sector growth model allowing indeterminacy to occur at relatively mild degrees of increasing returns is developed. It is shown that these economies of scale need only be present in one sector of the economy (investment). This feature of the model, therefore, builds on...

Persistent link: https://www.econbiz.de/10009659067

Indeterminacy, business cycles, and modest increasing returns to scale

Weder, Mark - 1997

In this paper a dynamic model of monopolistic competition with entry and exit has been presented and examined. It is shown that the model displays indeterminacy at modest degrees of increasing returns in cases where the market power in the consumption goods market and in the investment goods...

Persistent link: https://www.econbiz.de/10009659068

Did sunspot cause the Great Depression?

Harrison, Sharon G.; Weder, Mark - 2002

We apply a dynamic general equilibrium model to the period of the Great Depression. In particular, we examine a modification of the real business cycle model in which the possibility of indeterminacy of equilibria arises. In other words, agents' self-fulfilling expectations can serve as a...

Persistent link: https://www.econbiz.de/10009621410

Beyond "manucentrism" : some fresh facts about job and worker flows

Bingley, Paul; Eriksson, Tor; Werwatz, Axel; … - 1999

This paper gives a comprehensive picture of job and worker flows for the entire Danish economy. We exploit a unique central administrative register encompassing all employees of all workplaces across all sectors throughout two business cycles. This enables us to broaden the focus of the previous...

Persistent link: https://www.econbiz.de/10009581098