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East Side Story: Historical Pollution and Persistent Neighborhood Sorting

Heblich, Stephan; Trew, Alex; Zylberberg, Yanos - 2016

. A quantitative model shows the role of non-linearities and tipping-like dynamics in such persistence. …

Persistent link: https://www.econbiz.de/10011584865

Minorities, Human Capital and Long-Run Development: Persistence of Armenian and Greek Influence in Turkey

Arbatli, Cemal Eren; Gokmen, Gunes - 2016

provide evidence on the channels of persistence. Armenian and Greek contribution to long-run development is largely mediated …

Persistent link: https://www.econbiz.de/10011584967

Long Memory and Data Frequency in Financial Markets

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2017

This paper investigates persistence in financial time series at three different frequencies (daily, weekly and monthly …. The results indicate that persistence is higher at lower frequencies, for both returns and their volatility. This is true …

Persistent link: https://www.econbiz.de/10011657117

Informed-Principal Problem in Mechanisms with Limited Commitment

Kwon, Suehyun - 2019

This paper studies mechanism design with limited commitment where agents have correlated persistent types over the infinite horizon. The mechanism designer now faces the informed-principal problem in addition to usual issues with i.i.d. types. The paper first shows revelation principle in this...

Persistent link: https://www.econbiz.de/10012018204

Persistence, non-linearities and structural breaks in European stock market indices

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Poza, Carlos - 2019

This paper examines persistence, structural breaks and non-linearities in the case of five European stock market …

Persistent link: https://www.econbiz.de/10012052773

Measuring Euro Area Monetary Policy

Altavilla, Carlo; Brugnolini, Luca; Gürkaynak, Refet S.; … - 2019

We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the window that contains the policy decision...

Persistent link: https://www.econbiz.de/10012052805

Revelation Principle with Persistent Correlated Types: Impossibility Result

Kwon, Suehyun - 2019

Abstract

Persistent link: https://www.econbiz.de/10012052888

On the Persistence of UK Inflation: A Long-Range Dependence Approach

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Trani, … - 2018

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … detect any shifts in the degree of persistence, and also run rolling-window and recursive regressions to investigate its … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …

Persistent link: https://www.econbiz.de/10011872025

Persistence in the Russian Stock Market Volatility Indices

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2018

This paper applies a fractional integration framework to analyse the stochastic behaviour of two Russian stock market volatility índices (namely the originally created RTSVX and the new RVI that has replaced it), using daily data over the period 2010-2018. The empirical findings are consistent...

Persistent link: https://www.econbiz.de/10011931993

The Long-Term Effect of Western Customs Institution on Firm Innovation in China

Jin, Gan; Schulze, Günther G. - 2024

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the foreign-run Chinese Maritime Customs Service (CMC), known for its efficient and transparent governance, took over some of the notoriously corrupt Chinese Native Custom stations and...

Persistent link: https://www.econbiz.de/10014534372