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Modeling Model Uncertainty
Onatski, Alexei - 2003
Recently there has been a great deal of interest in studying monetary policy under model uncertainty. We point out that different assumptions about the uncertainty may result in drastically different robust' policy recommendations. Therefore, we develop new methods to analyze uncertainty about...
Persistent link: https://www.econbiz.de/10012469134
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Time-Series Tests of a Non-Expected-Utility Model of Asset Pricing
Giovannini, Alberto - 1989
This paper provides two alternative estimation and testing procedures of a representative-agent model of asset pricing which relies on a particular parametrization of non-expected-utility preferences. The first is based on maximum-likelihood estimates, supplemented with an explicit model of time...
Persistent link: https://www.econbiz.de/10012475842
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Interpreting Cointegrated Models
Campbell, John Y. - 1988
Error-correction models for cointegrated economic variables are commonly interpreted as reflecting partial adjustment of one variable to another. We show that error-correction models may also arise because one variable forecasts another. Reduced-form estimates of error-correction models cannot...
Persistent link: https://www.econbiz.de/10012476500
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Low-Frequency Econometrics
Müller, Ulrich K. - 2015
Many questions in economics involve long-run or trend variation and covariation in time series. Yet, time series of typical lengths contain only limited information about this long-run variation. This paper suggests that long-run sample information can be isolated using a small number of...
Persistent link: https://www.econbiz.de/10012457105
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The Making of the Modern Metropolis : Evidence from London
Heblich, Stephan - 2018
railways, newly-constructed spatially-disaggregated data for London from 1801-1921, and a quantitative urban model to provide … buildings in Greater London by 20 percent or more, and brings down commuting into the City of London from more than 370,000 to …
Persistent link: https://www.econbiz.de/10012480700
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London Fog : A Century of Pollution and Mortality, 1866-1965
Hanlon, W. Walker - 2018
This study provides new evidence on the impact of air pollution in London over the century from 1866-1965. To identify … weeks with elevated pollution levels I use new data tracking the timing of London's famous fog events, which trapped … exposure due to fog events accounted for at least one out of every 200 deaths in London during this century. I provide evidence …
Persistent link: https://www.econbiz.de/10012453227
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Did the Reform Fix the London Fix Problem?
Ito, Takatoshi - 2017
This paper examines the consequences of the 2015 reform on the London fixing in the interbank forex market, which …
Persistent link: https://www.econbiz.de/10012455354
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The Economic Consequences of the 1953 London Debt Agreement
Galofré-Vilà, Gregori - 2016
West Germany's external debt and create a series of favourable debt repayment conditions. The London Debt Agreement (LDA …
Persistent link: https://www.econbiz.de/10012456122
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A Jury of Her Peers : The Impact of the First Female Jurors on Criminal Convictions
Anwar, Shamena - 2016
This paper uses an original data set of more than 3000 cases from 1918 to 1926 in the Central Criminal Courts of London …
Persistent link: https://www.econbiz.de/10012456696
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Neighborhood Effects : Evidence from Wartime Destruction in London
Redding, Stephen; Sturm, Daniel - National Bureau of Economic Research - 2024
We use the German bombing of London during the Second World War as an exogenous source of variation to provide evidence … destruction, property values, and socioeconomic composition in London before and after the Second World War. We develop a …
Persistent link: https://www.econbiz.de/10014528373