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Perspectives: Uncertainty in the Management of Fisheries: Contradictory Implications and a New Approach

Holland, Daniel S.; Herrera, Guillermo E. - 2009

Fisheries management is complicated in nearly all cases by various types of uncertainty. Numerous economics and … fisheries science publications prescribe adjustments to harvest strategies and regulations in the face of uncertainty. The … difficult to implement. In this article, we summarize and compare the conclusions of economists, ecologists, and fisheries …

Persistent link: https://www.econbiz.de/10009446063

Evaluating Implied RNDs by some New Confidence Interval Estimation Techniques

Andersson, Magnus; Lomakka, Magnus - 2003

method (SPLINE) for estimating risk-neutral distributions (RNDs) from observed option prices. By using a bootstrap technique … Carlo methods. We argue that the bootstrap technique is to be preferred due to the non-normality of the error structure. Our …

Persistent link: https://www.econbiz.de/10010321351

The use of the bootstrap method for the assessment of investment effectiveness and risk: The case of confidence intervals estimation for the Sharpe ratio and TailVaR

Klaudia, Jarno; Łukasz, Smaga - In: Journal of Banking and Financial Economics (JBFE) (2020) 13, pp. 40-50

This paper is aimed at presenting application of bootstrap interval estimation methods to the assessment of financial … investment's effectiveness and risk. At first, we give an overview of various methods of bootstrap confidence interval estimation …, i.e. bootstrap-t interval, percentile interval and BCa interval. Then, bootstrap confidence interval estimation methods …

Persistent link: https://www.econbiz.de/10015330055

Skewness-adjusted bootstrap confidence intervals and confidence bands for impulse response functions

Grabowski, Daniel; Staszewska-Bystrova, Anna; Winker, Peter - 2018

investigated. The methods are based on a bootstrap algorithm that adjusts mean and skewness of the bootstrap distribution of the …

Persistent link: https://www.econbiz.de/10011806703

Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions

Grabowski, Daniel; Staszewska-Bystrova, Anna - 2018

investigated. The methods are based on a bootstrap algorithm that adjusts mean and skewness of the bootstrap distribution of the …

Persistent link: https://www.econbiz.de/10011892095

Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data

Christiansen, Lone Engbo - International Monetary Fund (IMF) - 2008

This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The benchmark measure of technological progress is given by data on patent applications in the U.S. over the period 1889-2002. The analysis shows that labor productivity may temporarily...

Persistent link: https://www.econbiz.de/10005768749

Operational Risk; The Sting is Still in the Tail But the Poison Dependson the Dose

Jobst, Andreas - International Monetary Fund (IMF) - 2007

This paper investigates the generalized parametric measurement methods of aggregate operational risk in compliance with the regulatory capital standards for operational risk in the New Basel Capital Accord ("Basel II"). Operational risk is commonly defined as the risk of loss resulting from...

Persistent link: https://www.econbiz.de/10005768778

Autocorrelation-Corrected Standard Errors in Panel Probits; An Application to Currency Crisis Prediction

Berg, Andrew; Coke, Rebecca N. - International Monetary Fund (IMF) - 2004

Many estimates of early-warning-system (EWS) models of currency crisis have reported incorrect standard errors because of serial correlation in the context of panel probit regressions. This paper documents the magnitude of the problem, proposes and tests a solution, and applies it to previously...

Persistent link: https://www.econbiz.de/10005768958

Remittances, Financial Development, and Growth

Ruiz-Arranz, Marta; Giuliano, Paola - International Monetary Fund (IMF) - 2005

There has been little systematic empirical study on the relationship between remittances and growth. This paper attempts to examine this relationship. Using a newly constructed crosscountry of data series for remittances covering a large sample of developing countries, we relate the interaction...

Persistent link: https://www.econbiz.de/10005768968

Improved nonparametric confidence intervals in time series regressions

Romano, Joseph P.; Wolf, Michael - Department of Economics and Business, Universitat … - 2002

empirical studies. This paper suggests using the studentized block bootstrap and discusses practical issues, such as the choice …

Persistent link: https://www.econbiz.de/10005827510