Showing 1 - 10 of 274
focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial … composition of the inflow into unemployment. We also find negative duration dependence of the unemployment exit rate which can be …
Persistent link: https://www.econbiz.de/10005136894
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion for the US is consistent with an unemployment rate of 4 …
Persistent link: https://www.econbiz.de/10008838544
. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011257030
focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial … composition of the inflow into unemployment. We also find negative duration dependence of the unemployment exit rate which can be …
Persistent link: https://www.econbiz.de/10011257090
See the publication in the 'Journal of Applied Econometrics' (2014).<P> We estimate the impulse response function (IRF) of GDP toa banking crisis, applying an extension of the local projectionsmethod developed in Jorda (2005). This method is shown to bemore robust to misspecification than...</p>
Persistent link: https://www.econbiz.de/10011255652
This paper assesses the performance of a number of long-term interest rate forecast approaches, namely time series … approaches do not outperform the random walk, or a somewhat more sophisticated time series model, on a 3 month forecast horizon …
Persistent link: https://www.econbiz.de/10005144546
overfitting. We extend the kernel ridge regression methodology to enable its use for economic time-series forecasting, by …
Persistent link: https://www.econbiz.de/10008838536
There is a lively debate on the persistence of the current banking crisis' impact on GDP. Impulse Response Functions (IRF)
Persistent link: https://www.econbiz.de/10008484062
See the article in <I>Mathematics and Computers in Simulation (MATCOM)</I> (2013). Volume 93(c), pages 9-18.<P> Many macroeconomic forecasts and forecast updates like those from IMF and OECD typically involve both a model component, which is replicable, as well as intuition, which is non-replicable....</p></i>
Persistent link: https://www.econbiz.de/10011256344
overfitting. We extend the kernel ridge regression methodology to enable its use for economic time-series forecasting, by …
Persistent link: https://www.econbiz.de/10011256969