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Testing for Granger causality in large mixed-frequency VARs

Götz, Thomas B.; Hecq, Alain W. J.; Smeekes, Stephan - 2015

We analyze Granger causality testing in a mixed-frequency VAR, where the difference in sampling frequencies of the variables is large. Given a realistic sample size, the number of high-frequency observations per low-frequency period leads to parameter proliferation problems in case we attempt to...

Persistent link: https://www.econbiz.de/10011415576

Principled mechanism design with evidence

Schweighofer-Kodritsch, Sebastian; Strausz, Roland - 2023

We cast mechanism design with evidence in the framework of Myerson (1982), whereby his generalized revelation principle … whether the agent's (verifiable) presentation of evidence is contractually controllable, however. For deterministic … vanishes, one on evidence (WET) and another on preferences (TIWO). Allowing for fully stochastic mechanisms, we also show how …

Persistent link: https://www.econbiz.de/10014445155

The value of publicly available, textual and non-textual information for startup performance prediction

Kaiser, Ulrich; Kuhn, Johan M. - 2020

derived from the BPS texts while an accurate prediction of startup survival and high employment growth needs the combination …

Persistent link: https://www.econbiz.de/10012195608

An integrated data framework for policy guidance in times of dynamic economic shocks

Dörr, Julian Oliver; Kinne, Jan; Lenz, David; Licht, Georg - 2021

Usually, offcial and survey-based statistics guide policy makers in their choice of response instruments to economic crises. However, in an early phase, after a sudden and unforeseen shock has caused incalculable and fast-changing dynamics, data from traditional statistics are only available...

Persistent link: https://www.econbiz.de/10012602741

"The devil is in the details, but so is salvation" : different approachesin money market measurement

Müller, Alexander; Paulick, Jan - 2020

Considerable resources have been devoted to gathering data for the measurement of money market activity. However, little is known about the differences between available data and the structural effects of methodological choices. We use the novel dataset MMSR and compare it to data derived from a...

Persistent link: https://www.econbiz.de/10012406044

The 2011 break in the part-time indicator and the evolution of wage inequality in Germany

Fitzenberger, Bernd; Seidlitz, Arnim - 2019

German social security records involve an indicator for part-time or full-time work. In 2011, the reporting procedure was changed suggesting that a fraction of worker recorded to be working full-time before the change were in fact part-time workers. This study develops a correction based on...

Persistent link: https://www.econbiz.de/10012053325

Brazilian population and the social security system : reform alternatives

Beltrão, Kaizô Iwakami; Pinheiro, Sonoê Sugahara - 2015

This study analyses the situation of the Brazilian population vis-à-vis the Social Security System (SSS) using data from PNAD. We chose the 1982, 1992 and 2002 PNAD data to give a series of pictures of the Brazilian population at equal intervals but under different legal instances with respect...

Persistent link: https://www.econbiz.de/10012023819

The digital layer : how innovative firms relate on the web

Krüger, Miriam; Kinne, Jan; Lenz, David; Resch, Bernd - 2020

In this paper, we introduce the concept of a Digital Layer to empirically investigate inter-firm relations at any geographical scale of analysis. The Digital Layer is created from large-scale, structured web scraping of firm websites, their textual content and the hyperlinks among them. Using...

Persistent link: https://www.econbiz.de/10012150751

Monetary policy and the current account : theory and evidence

Hjortsoe, Ida; Weale, Martin; Wieladek, Tomasz - 2016

Does the current account improve or deteriorate following a monetary policy expansion? We examine this issue theoretically and empirically. We show that a standard open economy DSGE model predicts that the current account response to a monetary policy shock depends on the degree of economic...

Persistent link: https://www.econbiz.de/10011436615

Heterogeneity in euro-area monetary policy transmission : results from a large multi-country BVAR model

Mandler, Martin; Scharnagl, Michael; Volz, Ute - 2016

We study cross-country differences in monetary policy transmission across the large four euro-area countries (France, Germany, Italy and Spain) using a large Bayesian vector autoregressive model with endogenous prior selection. Drawing both on the posterior distributions of the cross-country...

Persistent link: https://www.econbiz.de/10011444752