[eng] Trade-off Between Fluctuations of Inflation and Fluctuations of Output in the Euro Area.. This study estimates the long-term trade-off between variance of inflation and variance of output facing the European monetary authorities. When the central bank pursues inflation and output gap...

La croissance des dépenses de santé a eu tendance à ralentir au cours des dernières décennies dans la plupart des pays développés. Elle a néanmoins tendance à demeurer plus forte que celle du PIB, augmentant la part de ces dépenses dans la richesse nationale. De 1970 à la fin des...

In this paper, we estimate a health care demand function for 18 OECD countries for the period 1972-1995. We consider a demand side approach where health expenditure depend on per capita GDP and the relative price of health care. We use panel data unit root and stationarity tests to characterize...

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We study regression models that involve data sampled at different frequencies. We derive the asymptotic properties of the NLS estimators of such regression models and compare them with the LS estimators of a traditional model that involves aggregating or equally weighting data to estimate a...

This paper deals with the estimation of the risk-return trade-off. We use a MIDAS model for the conditional variance and allow for possible switches in the risk-return relation through a Markov-switching specification. We find strong evidence for regime changes in the risk-return relation. This...