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. We show that prices tend to fall during the seasonal demand peak for a product and that changes in retail margins account …
Persistent link: https://www.econbiz.de/10012470748
Reducing systemic liquidity risk related to seasonal swings in loan demand was one reason for the founding of the … extent of banks' ability to mitigate seasonal loan demand variation predict banks' decisions to join the Federal Reserve …
Persistent link: https://www.econbiz.de/10012456985
Seasonal adjustment procedures attempt to estimate the sample realizations of an unobservable economic time series in the presence of both seasonal factors and irregular factors. In this paper we consider a factor which has not been considered explicitly in previous treatments of seasonal...
Persistent link: https://www.econbiz.de/10012477969
Traffic fatalities are the leading cause of mortality in the United States despite being preventable. While several policies have been introduced to improve traffic safety and their effects have been well documented, the role of transitory health shocks or situational factors at explaining...
Persistent link: https://www.econbiz.de/10014512087
The appropriateness of many high-cost loan regulations depends on whether demand is driven by financial conditions … determinants of demand do not explain this relationship, which is also mirrored by the relationship between DMA and an unambiguous … "mistake." Both misfortune and mistake thus appear to drive demand …
Persistent link: https://www.econbiz.de/10012480273
This paper develops a simple model of international trade with intermediation. We consider an economy with two islands and two types of agents, farmers and traders. Farmers can produce two goods, but in order to sell these goods in centralized (Walrasian) markets, they need to be matched with a...
Persistent link: https://www.econbiz.de/10012462905
related to the island's GDP per capita and negatively related to infant mortality. This basic relationship is also found to …
Persistent link: https://www.econbiz.de/10012466117
Recent empirical work has found that both aggregate and micro data reject the rational expectations version of the Life Cycle-Permanent Income model of consumption. This paper examines a new possible explanation for the rejections: the treatment of seasonal fluctuations. There are substantial...
Persistent link: https://www.econbiz.de/10012477231
The following paper discusses the analysis of some types of economic time series using an altered time scale, or operational time. It is argued that for some series, observations that are ordinarily thought of as equidistant in time are actually irregularly spaced in a more natural time scale....
Persistent link: https://www.econbiz.de/10012479094
univariate procedures are imperfect and yield adjusted series that continue to display strong seasonality upon aggregation. We … tools are then used to remove the within-year seasonal variations. A demand analysis of the adjusted budget shares finds …
Persistent link: https://www.econbiz.de/10012479848