Showing 1 - 10 of 941
Persistent link: https://www.econbiz.de/10014445974
states and model variables, which is sparse and banded in many economic applications and allows for efficient sampling. The … existing literature on precision-based sampling is focused on complete-data applications, whereas the proposed samplers in this … easily integrated into Bayesian estimation procedures like the Gibbs sampler. By allowing for incomplete data sets, the …
Persistent link: https://www.econbiz.de/10012510141
concerning sales, prices, demand, profit and employment cannot be found. Binary probit model estimation results indicate that … probit model with sample selection estimation results show. In general, itemnonresponse tends to be higher for online-respondents. …
Persistent link: https://www.econbiz.de/10013428432
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the frequency spectrum and across time. We find evidence of...
Persistent link: https://www.econbiz.de/10010433361
Persistent link: https://www.econbiz.de/10003528378
We introduce a Divisia monetary aggregate for the euro area that accounts for the heterogeneity across member countries both, in terms of interest rates and the decomposition of monetary assets. In most of the euro area countries, the difference between the growth rates of the country-specific...
Persistent link: https://www.econbiz.de/10012023395
Persistent link: https://www.econbiz.de/10003576515
Persistent link: https://www.econbiz.de/10003529942
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...
Persistent link: https://www.econbiz.de/10003876000
Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...
Persistent link: https://www.econbiz.de/10003876023