We introduce a new method for the estimation of discount functions, yield curves and forward curves from government … although we do show how to impose various restrictions in the estimation. Our method is based on Kernel smoothing and is … our estimation procedure is iterative, rather like the backfitting method of estimating non-parametric models. We …

world income distribution dynamics. Formal statistical hypothesis tests allow us to discriminate between two competing … contributes to the polarization of the world income distribution. -- economic growth ; neoclassical convergence ; technological …

In a world with imperfect competition, market externalities or asymmetric information, the impact of money and monetary …

explorative study aims to shed some light into the black-box of the matching technology by applying nonparametric estimation …

Estimation …

exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …