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Panel tests for unit roots in hours worked
Kappler, Marcus (contributor) - 2006
-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …
Persistent link: https://www.econbiz.de/10003314703
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Linkages between international securitized real estate markets : further evidence from time-varying and stochastic cointegration
Schindler, Felix; Voronkova, Svitlana - 2010
bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and … results from different cointegration methodologies and explicitly control for instability in cointegration relationships and … covering 20 years. In line with previous studies, the empirical results indicate several cointegration relationships between …
Persistent link: https://www.econbiz.de/10008652070
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A dynamic heterogeneous labour demand model for German manufacturing
Falk, Martin; Koebel, Bertrand M. - 2000
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10011444593
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How integrated are the European retail financial markets? : a cointegration analysis
Heinemann, Friedrich; Schüler, Martin - 2002
, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …
Persistent link: https://www.econbiz.de/10011447291
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The power law and dividend yields
Lüders, Erik (contributor); Lüders-Amann, Inge (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002137150
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A Stigler view on banking supervision
Heinemann, Friedrich; Schüler, Martin - 2002
The system of banking supervision in Europe is undergoing substantial reforms. According to Stigler's capture theory regulation often follows the preferences of producers. Therefore, the interests of the financial industry might be a major driving force for the ongoing supervisory reform debate....
Persistent link: https://www.econbiz.de/10011447759
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The foreign exchange rate exposure of nations
Entorf, Horst (contributor); Moeber, Jochen (contributor);  … - 2007
Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...
Persistent link: https://www.econbiz.de/10003412063
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Individual exchange rate forecasts and expected fundamentals
Dick, Christian D.; MacDonald, Ronald; Menkhoff, Lukas - 2011
This paper suggests that exchange rates are related to economic fundamentals over medium-term horizons, such as a month or longer. We find from a large panel of individual professionals' forecasts that good exchange rate forecasts benefit from the proper understanding of fundamentals,...
Persistent link: https://www.econbiz.de/10009374424
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What's on their mind : do exchange rate forecasters stick to theoretical models?
Schröder, Michael; Dornau, Robert - 1999
-price monetary model and the Mundell-Fleming model. These models are the theoretical basis for the estimation of latent structural …
Persistent link: https://www.econbiz.de/10011442397
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Exchange rate expectations of chartists and fundamentalists
Dick, Christian D.; Menkhoff, Lukas - 2012
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10009521123