Similar Search Results

Lüders, Erik - 2002

Starting from an information process governed by a geometric Brownian motion we show that asset returns are predictable if the elasticity of the pricing kernel is not constant. Declining [Increasing] elasticity of the pricing kernel leads to mean reversion and negatively autocorrelated asset...

Persistent link: https://www.econbiz.de/10013428490

Population aging and Israeli society

Habib, Jack - 1987 - 2. ed

Persistent link: https://www.econbiz.de/10000776394

Past unemployment influences on the incidence of Belgian employees unemployment

Cahuzac, Eric - 1995

Persistent link: https://www.econbiz.de/10000925008

Improving profitability forecasts with information on earnings quality

Demmer, Matthias - 2015

Prior literature documents the usefulness of the DuPont disaggregation for predicting firms future profitability, operating income, and stock market returns. In addition, research also emphasizes the importance of earnings quality information. However, there is a lack of research examining how...

Persistent link: https://www.econbiz.de/10010520353

The future of macroeconomic policy in the European Union

Allsopp, Christopher - 2002

This paper is the text of the key-note speech on macroeconomics given by Christopher Allsopp at the 75th Anniversary Symposium of the Austrian Institute of Economic Research (WIFO) in Vienna on January 23rd 2002. It discusses the role of the European Central Bank, coordination issues between...

Persistent link: https://www.econbiz.de/10011518015

How far can we forecast? : statistical tests of the predictive content

Breitung, Jörg; Knüppel, Malte - 2018

Forecasts are useless whenever the forecast error variance fails to be smaller than the unconditional variance of the … forecast horizon h. Following Diebold and Mariano (DM, 1995) we propose a test based on the comparison of the mean …-squared error of the forecast and the sample variance. We show that the resulting test does not possess a limiting normal …

Persistent link: https://www.econbiz.de/10011826055

Can education compensate the effect of population aging on macroeconomic performance? : evidence from panel data

Kotschy, Rainer; Sunde, Uwe - 2018

This paper investigates the consequences of population aging and of changes in the education composition of the population for macroeconomic performance. Estimation results from a theoretically founded empirical framework show that aging as well as the education composition of the population...

Persistent link: https://www.econbiz.de/10011930455

Population growth and greenhouse gas emissions : sources, trends and projections in Australia

Turton, Hal; Hamilton, Clive - 1999

Persistent link: https://www.econbiz.de/10001503824

Long term implications of the ICT revolution : applying the lessons of growth theory and growth accounting

Oulton, Nicholas - 2010

Persistent link: https://www.econbiz.de/10008747141

A cautionary note on using industry affiliation to predict income

Pischke, Jörn-Steffen; Schwandt, Hannes - 2012

Persistent link: https://www.econbiz.de/10009671466