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Lumpy Price Adjustments : A Microeconometric Analysis

Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2021

the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …

Persistent link: https://www.econbiz.de/10013317064

Handbook of applied econometrics

Pesaran, M. Hashem (contributor) - 1995

Persistent link: https://www.econbiz.de/10000532482

Microeconomics

Pesaran, M. Hashem (contributor) - 1997

Persistent link: https://www.econbiz.de/10000668039

Macroeconomics

Pesaran, M. Hashem (contributor) - 1999 - 1. publ. in paperback

Persistent link: https://www.econbiz.de/10001351319

Handbook of applied econometrics

Pesaran, M. Hashem (contributor); … - 1995

Persistent link: https://www.econbiz.de/10000965989

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2011

concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …

Persistent link: https://www.econbiz.de/10013129942

Beyond the DSGE Straitjacket

Pesaran, M. Hashem - 2011

Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...

Persistent link: https://www.econbiz.de/10013126144

An Exponential Class of Dynamic Binary Choice Panel Data Models with Fixed Effects

Al-Sadoon, Majid - 2012

This paper develops a model for dynamic binary choice panel data that allows for unobserved heterogeneity to be arbitrarily correlated with covariates. The model is of the exponential type. We derive moment conditions that enable us to eliminate the unobserved heterogeneity term and at the same...

Persistent link: https://www.econbiz.de/10013096447

An Empirical Growth Model for Major Oil Exporters

Esfahani, Hadi Salehi - 2012

-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …

Persistent link: https://www.econbiz.de/10013107701

Testing Weak Cross-Sectional Dependence in Large Panels

Pesaran, M. Hashem - 2012

This paper considers testing the hypothesis that errors in a panel data model are weakly cross sectionally dependent, using the exponent of cross-sectional dependence α, introduced recently in Bailey, Kapetanios and Pesaran (2012). It is shown that the implicit null of the CD test depends on...

Persistent link: https://www.econbiz.de/10013108232