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Estimation …
Persistent link: https://www.econbiz.de/10009574875
estimation methodologies such as single-equation error correction and first differences specifications. A longer term perspective … is provided by a productivity-based model of the real value of the euro. Some panel regression estimates of the … relationship between intercountry relative productivity differentials and real exchange rates is presented. Using these estimates …
Persistent link: https://www.econbiz.de/10009583879
exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …
Persistent link: https://www.econbiz.de/10009574885
change of the monetary policies in the US and Japan, the latter of which is followed by a long period of decreasing asset …
Persistent link: https://www.econbiz.de/10009616784
exchange rates in terms of both monetary and real factors, more specifically real interest rate and labour productivity …
Persistent link: https://www.econbiz.de/10009611542
When analyzing the productivity of firms, one may want to compare how the firms transform a set of inputs x (typically … an improved bias corrected estimator. This bias corrected estimator involves consistent estimation of the density …
Persistent link: https://www.econbiz.de/10009574880
explorative study aims to shed some light into the black-box of the matching technology by applying nonparametric estimation …
Persistent link: https://www.econbiz.de/10009574874
East-West migration in Germany peaked at the beginning of the 90s although the average wage gap between Eastern and Western Germany continues to average about 25%. We analyze the propensity to migrate using microdata from the German Socioeconomic Panel. Fitting a parametric Generalized Linear...
Persistent link: https://www.econbiz.de/10009574896
We show in the paper that the decomposition proposed by Beveridge and Nelson (1981) for models that are integrated of order one can be generalized to seasonal Arima models by means of a partial fraction decomposition. Two equivalent algorithms are proposed to optimally (in the mean squared...
Persistent link: https://www.econbiz.de/10009577456
We establish a relation between stochastic volatility models and the class of generalized hyperbolic distributions. These distributions have been found to fit exceptionally well to the empirical distribution of stock returns. We review the background of hyperbolic distributions and prove...
Persistent link: https://www.econbiz.de/10009577459