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The German meat market is facing considerable changes. Along with the boom of case-ready and discount stores, butchers and smaller retailers loose market shares, and private labels become widely accepted. The consumers' preferences are often neglected by these trends. This contribution discusses...
Persistent link: https://www.econbiz.de/10005039049
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005622096
Based on a cash-in-advance approach, this paper investigates theoretically the determinants of money holdings of firms under the conditions of a highly regulated labor market and analyses empirically the demand for money of German businesses during the period 1960-1998. As a result of our...
Persistent link: https://www.econbiz.de/10008462103
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005789941
cointegration testing methodology based on joint estimates of the fractional orders of integration of a cointegrating vector and its … and go undetected in traditional 1(1)/i (0) cointegration analysis, previous tests for fractional cointegration relied on … a unit root. In our example of fractional cointegration between 10-year government bond rates in the United States and …
Persistent link: https://www.econbiz.de/10005352950
Persistent link: https://www.econbiz.de/10005353035
in human capital or skill. Using Johansen's (1988 and 1991) multivariate cointegration analysis, we find a positive and …
Persistent link: https://www.econbiz.de/10005263996
The availability of financial instruments related to indices that track global financial conditions and risk appetite can potentially offer countries alternative options to insure against external shocks. This paper shows that while these instruments can explain much of the in-sample variation...
Persistent link: https://www.econbiz.de/10009203536
This Selected Issues paper examines the sources of real growth in Guinea. It identifies and quantifies the impact on real GDP growth of both the exogenous shocks and the policy changes that have occurred since 2000. The paper offers, first, some empirical evidence on real GDP growth in Guinea...
Persistent link: https://www.econbiz.de/10005825469
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman (1986) and Doan et al. (1984) and review alternative...
Persistent link: https://www.econbiz.de/10005825693