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Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Institute - 2007

association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …

Persistent link: https://www.econbiz.de/10005504883

Decomposing Portfolio Value-at-Risk: A General Analysis

Hallerbach, Winfried G. - Tinbergen Institute - 1999

efficiency. We evaluate various alternative estimation methods in an application example and conclude that the proposed approach …

Persistent link: https://www.econbiz.de/10005144576

Extracting Business Cycles using Semi-parametric Time-varying Spectra with Applications to US Macroeconomic Time Series

Koopman, Siem Jan; Wong, Soon Yip - Tinbergen Institute - 2006

A growing number of empirical studies provides evidence that dynamic properties of macroeconomic time series have been changing over time. Model-based procedures for the measurement of business cycles should therefore allow model parameters to adapt over time. In this paper the time dependencies...

Persistent link: https://www.econbiz.de/10005137378

Nonparametric Estimation for Non-Homogeneous Semi-Markov Processes: An Application to Credit Risk

Monteiro, Andre; Smirnov, Georgi V.; Lucas, Andre - Tinbergen Institute - 2006

We propose procedures for estimating the time-dependent transition matrices for the general class of finite nonhomogeneous continuous-time semi-Markov processes. We prove the existence and uniqueness of solutions for the system of Volterra integral equations defining the transition matrices,...

Persistent link: https://www.econbiz.de/10005450790

Transmission of Government Spending Shocks in the Euro Area: Time Variation and Driving Forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - Tinbergen Institute - 2010

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10008838616

A Theory of Policy Reversal

Dur, Robert A.J.; Swank, Otto H. - Tinbergen Institute - 1997

After decades of government growth, Western countries have witnessed major policy reversals. Prominent examples include the far-reaching policy reversals implemented by Thatcher, Reagan, and Douglas. This paper offers an explanation for these policy reversals. Our key argument rests on the...

Persistent link: https://www.econbiz.de/10005281845

Informal Sector in Developed and less Developed Countries: A Literature Survey

Gerxhani, Klarita - Tinbergen Institute - 1999

The main goal of this study is two-fold: (1) to provide a general overview of the contributions to the literature on the informal sector, with a special focus on the Public Choice approach; and (2) to compare these contributions across two institutionally different types of countries: developed...

Persistent link: https://www.econbiz.de/10005144460

The Institutional Economics of Stakeholder Consultation; Reducing Implementations Costs through 'Matching Zones'

Butter, Frank A.G. den; Wolde, Sjoerd ten - Tinbergen Institute - 2011

interaction; (iii) there should be a balance between representation and efficiency; (iv) the constraints should be clear from the …

Persistent link: https://www.econbiz.de/10009369368

Selecting less Corruptible Bureaucrats

Hu, Audrey; Zhou, Liang - Tinbergen Institute - 2007

A government officials' propensity to corruption, or corruptibility, can be affected by his intertemporal preference over job benefits. Through a dynamic model of rent-seeking behavior, this paper examines how endogenously determined corruptibility changes with monitoring intensity, salary...

Persistent link: https://www.econbiz.de/10005137008

Why does Centralisation fail to internalise Policy Externalities?

Dur, Robert A.J.; Roelfsema, Hein J. - Tinbergen Institute - 2002

We provide an explanation why centralisation of political decision making

Persistent link: https://www.econbiz.de/10005137012

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