Showing 1 - 10 of 13,607
This paper evaluates the forecast performance of boosting, a variable selection device, and compares it with the forecast combination schemes and dynamic factor models presented in Stock and Watson (2006). Using the same data set and comparison methodology, we find that boosting is a serious...
Persistent link: https://www.econbiz.de/10010427583
Apart from the loss of time and money, disputes between public authority and private partner in China's public-private partnership (PPP) projects are destroying the government's image of PPP support and the private partner's investment confidence. This article aims to explore the main causes for...
Persistent link: https://www.econbiz.de/10015401312
We study the properties of generalized stochastic gradient (GSG) learning in forward-looking models. We examine how the conditions for stability of standard stochastic gradient (SG) learning both differ from and are related to E-stability, which governs stability under least squares learning. SG...
Persistent link: https://www.econbiz.de/10010261355
Price fluctuations under adaptive learning in renewable resourcemarkets such as fisheries are examined. Optimal fisherymanagement with logistic fish pOpUlation growth implies a backward-bending, discounted supply curve for bioeconomicequilibrium sustained yield. Higher discount rates bend...
Persistent link: https://www.econbiz.de/10010325073
The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy, within a standard New Keynesian model, by means...
Persistent link: https://www.econbiz.de/10010326142
. Our approach allows us to address the important issue of normalization of aggregators in non-Brownian settings. We show … that normalization is always feasible if the certainty equivalent of the aggregator is of expected utility type. Conversely …
Persistent link: https://www.econbiz.de/10010271454
in terms of robustly capturing production and technical parameters, especially when merged with "normalization". Our … understanding the empirical relevance of normalization and the variability underlying past empirical studies. …
Persistent link: https://www.econbiz.de/10011605047
This paper addresses the selection of smoothing parameters for estimating the average treatment effect on the treated using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions containing the mass of the treated units, we define and...
Persistent link: https://www.econbiz.de/10010276772
Künstliche Intelligenz (KI) dringt vermehrt in sensible Bereiche des alltäglichen menschlichen Lebens ein. Es werden nicht mehr nur noch einfache Entscheidungen durch intelligente Systeme getroffen, sondern zunehmend auch komplexe Entscheidungen. So entscheiden z. B. intelligente Systeme, ob...
Persistent link: https://www.econbiz.de/10015210326
How do social changes, new technologies or new management trends affect communication work? A team of researchers at Leipzig University and the University of Potsdam (Germany) observed new developments in related disciplines. As a result, the five most important trends for corporate...
Persistent link: https://www.econbiz.de/10014282598