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Santos, Manon Domingues Dos; L'Horty, Yannick; TOVAR, … - In: Revue d'économie régionale et urbaine mars (2010) 1, pp. 4-25

segregation in Europe and in France before showing the interest to combine both a segregation framework and the issue of access to …

Persistent link: https://www.econbiz.de/10008926749

Regional industrial structure, productivity, wealth and income distribution in German regions

Margarian, Anne - Bundesforschungsinstitut für Lädliche Räume, Wald … - 2013

income while others suffer from high unemployment, low tax base and an unsatisfactory income situation. The link between the … effects. Therefore, a cross‐sectional estimation with observations on district level (NUTS 3) is carried out in a mediated … Arbeitslosigkeit, geringen Steuereinnahmen und einer unbefriedigenden Einkommenssituation leiden. Der Zusammenhang zwischen den beiden …

Persistent link: https://www.econbiz.de/10010985849

PPP Strikes Back; Aggregation and the Real Exchange Rate

Mumtaz, Haroon; Imbs, Jean; Ravn, Morten O.; Rey, Helene - International Monetary Fund (IMF) - 2003

We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time-series and panel methods substantially exaggerate the persistence of real exchange rates because of heterogeneity in the dynamics of disaggregated relative prices. When...

Persistent link: https://www.econbiz.de/10005248142

On the Heterogeneity Bias of Pooled Estimators in Stationary VAR Specifications

Rebucci, Alessandro - International Monetary Fund (IMF) - 2003

This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in the slope parameters of stationary vector autoregressions (VARs). The paper also compares the FE, the mean group estimator (MG), and a simple instrumental variable alternative...

Persistent link: https://www.econbiz.de/10005263898

Empirical Exchange Rate Models of the Nineties; Are Any Fit to Survive?

Cheung, Yin-Wong; Pascual, Antonio Garcia; Chinn, … - International Monetary Fund (IMF) - 2004

We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...

Persistent link: https://www.econbiz.de/10005263978

The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output

Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2008

This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...

Persistent link: https://www.econbiz.de/10005263996

A Bayesian Approach to Model Uncertainty

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2004

This paper develops the theoretical background for the Limited Information Bayesian Model Averaging (LIBMA). The proposed approach accounts for model uncertainty by averaging over all possible combinations of predictors when making inferences about the variables of interest, and it...

Persistent link: https://www.econbiz.de/10005264140

Why is Micro Evidenceon the Effects of Uncertainty Not Replicated in Macro Data?

Lombardi, Domenico; Bond, Stephen - International Monetary Fund (IMF) - 2005

This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level panel and aggregate time-series data, we analyze the implications of aggregating nonlinear...

Persistent link: https://www.econbiz.de/10005264173

Fiscal Policy Implementation in Sub-Saharan Africa

Lledo, Victor Duarte; Poplawski-Ribeiro, Marcos - International Monetary Fund (IMF) - 2011

This paper investigates economic, political, and institutional constraints to fiscal policy implementation in sub-saharan Africa. We find that planned fiscal adjustments or expansions are less likely to be implemented the larger they are, the more inaccurate the growth forecasts they are based...

Persistent link: https://www.econbiz.de/10009203550

Empirical Modeling of Contagion; A Review of Methodologies

Dungey, Mardi; Fry, Renee; Martin, Vance; … - International Monetary Fund (IMF) - 2004

The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...

Persistent link: https://www.econbiz.de/10005825971

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