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Empirical calibration of adaptive learning
Berardi, Michele; Galimberti, Jaqueson K. - 2015
Adaptive learning introduces persistence in the evolution of agents' beliefs over time. For applied purposes this is a convenient feature to help explain why economies present sluggish adjustments towards equilibrium. The pace of learning is directly determined by the gain parameter, which...
Persistent link: https://www.econbiz.de/10011316387
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Agency and communication in IMF conditional lending : theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …
Persistent link: https://www.econbiz.de/10003908576
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The golden hello and political transitions
Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009629705
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Nominal stability and Swiss monetary regimes over two centuries
Kaufmann, Daniel - 2015
bias. (iv) The metal-currency regimes (competing currencies and bimetallism before World War 1, and to some extent flexible …
Persistent link: https://www.econbiz.de/10010508343
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Signal extraction: how (in)efficient are model-based approaches? : An empirical study based on TRAMO/SEATS and census X-12-ARIMA
Wildi, Marc (contributor); Schips, Bernd (contributor) - 2004
Estimation of signals at the current boundary of time series is an important task in many practical applications. In order to apply the symmetric filter at current time, model-based approaches typically rely on forecasts generated from a time series model in order to extend (stretch) the time...
Persistent link: https://www.econbiz.de/10002746137
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What determines the finance-growth nexus? : An endogenous growth model and empirical evidence
Graff, Michael (contributor); Karmann, Alexander (contributor) - 2003 - [Elektronische Ressource]
An endogenous growth model on finance and growth is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional changes, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries...
Persistent link: https://www.econbiz.de/10001767757
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The Global Economic Barometers : composite indicators for the world economy
Abberger, Klaus; Graff, Michael; Campelo, Aloisio; … - 2020
This paper presents a coincident and a leading composite monthly indicator for the world business cycle - the Global … Economic Barometers. Both target the world’s output growth rate cycle. The calculation of these indicators comprises two main …
Persistent link: https://www.econbiz.de/10012170717
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Competition and R&D cooperation with universities and competitors
Bolliger, Thomas; Wörter, Martin - 2011
This paper analyzes the relationship between competition and R&D cooperation with universities and competitors. Our simple model predicts that more competitors reduce the incentives for horizontal cooperation as it diminishes the gains from "collusion". Assuming that the value of synergies and...
Persistent link: https://www.econbiz.de/10008906648
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Do human rights offenders oppose human rights resolutions in the United Nations?
Dreher, Axel (contributor); Boockmann, Bernhard (contributor) - 2007
We investigate voting behavior on human rights in the United Nations General Assembly (UNGA). Our central question is whether countries with a low human rights record systematically oppose human rights resolutions. An instrumental account of voting would suggest that these countries aim to...
Persistent link: https://www.econbiz.de/10003762834
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Greasing the wheels of entrepreneurship? : the impact of regulations and corruption on firm entry
Dreher, Axel (contributor); Gassebner, Martin (contributor) - 2007
The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test whether regulations robustly deter firm entry into the markets. Our results show that some regulations are indeed important determinants of entrepreneurial activity. Specifically,...
Persistent link: https://www.econbiz.de/10003762839