En este documento proponemos un enfoque novedoso para estimar la contribución de los factores macroeconómicos a los diferenciales soberanos de la zona del euro, definida como el nivel de diferencial coherente con las condiciones macroeconómicas del país. A pesar de la abundancia de trabajos...

This paper examines structural breaks in the vertical price relationships in U.S. beef/cattleand pork/hog sectors using monthly data of the past 40 years. A major methodologicalissue addressed is how to estimate price relationships when data contain intermittentstructural breaks with unknown...

In the centrally planned economy of the former Soviet Union, retail and wholesale trade were very much neglected. Since the beginning of transition the share of trade has increased considerably both in terms of its contribution to national product and employment. This paper analyses the...

This paper demonstrates that the conventional approach of using official liberalisation dates as the only existing breakdates could lead to inaccurate conclusions as to the effect of the underlying liberalisation policies. It also proposes an alternative paradigm for obtaining more robust...

We study the effects that the Maastricht treaty, the creation of the ECB, and the Euro changeover had on the dynamics of European business cycles using a panel VAR and data from ten European countries - seven from the Euro area and three outside of it. There are slow changes in the features of...

Previous studies (e.g., Hamori, 2000; Ho and Tsui, 2003; Fountas et al., 2004) find high volatility persistence of economic growth rates using generalized autoregressive conditional heteroskedasticity (GARCH) specifications. This paper reexamines the Japanese case, using the same approach and showing...

This dissertation consists of two parts. The first part introduces a neural network approach that is used to forecast the conditional probability density function of asset returns. The model is unified with the idea of Arbitrage Pricing Theory (APT). In the second part, an algorithm called...

This survey has the purpose to prove as and how much the volume of exported sugar by Santos port interferes in the freight value negotiated for fertilizer distribution for the final customer, in São Paulo State. For people who are directly connected to fertilizer logistic, it is very important...

Considerable attention has been recently paid to the use of surrogate endpoints in clinical research. We deal with the situation where the two endpoints are both right censored. While proportional hazards analyses are typically used for this setting, their use leads to several complications. In...

Can the yield spread, which has been found to predict with surprising accuracy the movement of key macroeconomic variables of developed countries, also predict such variables for an emerging country. This paper is an attempt to answer empirically this question for the Tunisian economy. It also...