It is well known that non-normality plays an important role in asset and risk management.However, handling a large number of assets has long been a challenge.In this paper, we present a statistical technique that extends Principal ComponentAnalysis to higher moments such as skewness and...

We look at how large international datasets can improve forecasts of national activity. Weuse the case of New Zealand, an archetypal small open economy. We apply “data-rich” factorand shrinkage methods to tackle the problem of efficiently handling hundreds of predictordata series from many...

... Im Gegensatz zu traditionellen industriesoziologischen Ansätzenbleibt die Beschäftigtenperspektive weitgehend aus der Debatte über globale Kooperationen ausgeklammert. Diese Forschungslücke immerhin zu verkleinern, ist Ziel der vorliegenden Fallstudie.

... This paper discusses solutions to important incentive problems in micro-health insurance schemes which threaten their sustainability. In particular, three issues explored are : (i) if defining household as unit of insurance always mitigates adverse selection problem; (ii) how ex ante moral...

We study whether the effects on registered manufacturing output of dismantling the license raj - a system of central controls regulating entry and production activity in this sector - vary across Indian states with different labor market regulations and different nancial development. To guide...

This paper analyzes how preferences for a non-economic characteristic, such as caste, canaffect equilibrium patterns of matching in the marriage market, and empirically evaluates thisin the context of arranged marriages among middle-class Indians. We develop a model thatdemonstrates how the...

We construct a model of redistributive politics where the central government is opportunistic and uses its discretion to make transfers to state governments on the basis of political considerations. These considerations are the alignment between the incumbent parties at the central and state...