Showing 1 - 10 of 2,746
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...
Persistent link: https://www.econbiz.de/10009540777
paper analyzes the impact of terrorism on international trade by examining a series of three large-scale terrorist incidents … in France over the period from January 2015 to July 2016. Using firm-level data at monthly frequency, we document an … immediate and lasting decline in cross-border trade after a mass terrorist attack. According to our estimates, France’s trade in …
Persistent link: https://www.econbiz.de/10012533940
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10011506475
Persistent link: https://www.econbiz.de/10011402689
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521681
to estimate utility losses caused by terrorist activities in France, the UK and the Republic of Ireland. Terrorism in … terrorism and income requires improved measurement of the marginal utility of income. …
Persistent link: https://www.econbiz.de/10011402544
real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …
Persistent link: https://www.econbiz.de/10014265941
This study examines the effects of geopolitical risk and global uncertainty on energy prices, conditioned by different …
Persistent link: https://www.econbiz.de/10015074620
Turkish individuals and in other crimes targeting Islamic immigrants in Germany. Using German Socioeconomic Panel (SOEP) data …
Persistent link: https://www.econbiz.de/10011901768
This paper investigates the impact of the largest rail strikes in German history on intercity buses - a then newly liberalised market. Using unique booking data of bus services, we exploit variation in rail service cancellations across routes to show that the disruption in rail transport...
Persistent link: https://www.econbiz.de/10014292134