Narrow search
Showing 1 - 10 of 10,263
Cover Image
Money growth and inflation: a regime switching approach
Amisano, Gianni; Fagan, Gabriel - 2010
We develop a time-varying transition probabilities Markov Switching model in which inflation is characterised by two regimes (high and low inflation). Using Bayesian techniques, we apply the model to the euro area, Germany, the US, the UK and Canada for data from the 1960s up to the present. Our...
Persistent link: https://www.econbiz.de/10011605253
Cover Image
Money growth and inflation: a regime switching approach
Amisano, Gianni; Fagan, Gabriel - 2010
We develop a time-varying transition probabilities Markov Switching model in which inflation is characterised by two regimes (high and low inflation). Using Bayesian techniques, we apply the model to the euro area, Germany, the US, the UK and Canada for data from the 1960s up to the present. Our...
Persistent link: https://www.econbiz.de/10003973538
Cover Image
Bayesian Compression for Mixed Frequency Vector Autoregressions : A Forecast Study for Germany
Götz, Thomas - 2018
Up until now, the concept of compression in single- or multivariate regressions has been limited to the common-frequency case. Having an application of macroeconomic forecasting in mind, one inevitably has to deal with variables sampled at various frequencies. Consequently, this work attempts to...
Persistent link: https://www.econbiz.de/10012912645
Cover Image
Money Growth and Inflation : A Regime Switching Approach
Amisano, Gianni - 2010
We develop a time-varying transition probabilities Markov Switching model in which inflation is characterised by two regimes (high and low inflation). Using Bayesian techniques, we apply the model to the euro area, Germany, the US, the UK and Canada for data from the 1960s up to the present. Our...
Persistent link: https://www.econbiz.de/10013142985
Cover Image
House prices and interest rates : Bayesian evidence from Germany
Hanck, Christoph; Prüser, Jan - 2016
This study uses a Bayesian VAR to demonstrate that the recent house price boom in Germany can be explained by falling interest rates and that higher interest rates are likely suciffient to stop the increase of German house prices. The latter suggests a potential drawback of the current monetary...
Persistent link: https://www.econbiz.de/10011494870
Cover Image
Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - 2010
endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial … endogeneity is really present, whether it matters and whether the selected instruments make sense. Using Bayesian methods, we find … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10010325824
Cover Image
Are Education and Entrepreneurial Income Endogenous and Do Family Background Variables Make Sense as Instruments? A Bayesian Analysis
Block, Jörn H.; Hoogerheide, Lennart F.; Thurik, A. Roy - 2010
endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial … endogeneity is really present, whether it matters and whether the selected instruments make sense. Using Bayesian methods, we find … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10011600971
Cover Image
Are education and entrepreneurial income endogenous and do family background variables make sense as instruments? : a Bayesian analysis
Block, Jörn; Hoogerheide, Lennart; Thurik, Adriaan R. - 2010 - Current version: February 2010
endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial … endogeneity is really present, whether it matters and whether the selected instruments make sense. Using Bayesian methods, we find … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10008826247
Cover Image
Are education and entrepreneurial income endogenous and do family background variables make sense as instruments? : a Bayesian analysis
Block, Jörn; Hoogerheide, Lennart; Thurik, Adriaan R. - 2010 - Current version: February 2010
endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial … endogeneity is really present, whether it matters and whether the selected instruments make sense. Using Bayesian methods, we find … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10011380037
Cover Image
The financial crisis from a forecaster’s perspective
Heinisch, Katja; Scheufele, Rolf - 2011
Expertenprognose in der Krise im Vergleich zu Indikatormodellen relativ gering. -- Frühindikatoren ; Rezession ; Consensus Prognose …
Persistent link: https://www.econbiz.de/10009126543