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The Role of Heterogeneous Demand for Temporal and Structural Aggregation Bias
Halvorsen, Bente; Larsen, Bodil M. - Statistisk Sentralbyrå, Government of Norway - 2008
Differences in estimated parameters depending on the frequency of aggregate data have been reported in several fields of economic research. Some differences are due to seasonal variations in demand, but temporal aggregation bias is reported even in seasonally adjusted models. These biases have...
Persistent link: https://www.econbiz.de/10004980792
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Aggregation with price variation and heterogeneity across consumers
Halvorsen, Bente; Larsen, Bodil M. - 2006
In the aggregation literature, prices and price and income derivatives are often assumed not to vary across consumers. These assumptions may not be fulfilled: prices often vary and consumers are heterogeneous in the way they respond to price and income changes. In this paper we develop and...
Persistent link: https://www.econbiz.de/10011968259
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Aggregation with price variation and heterogeneity across consumers
Halvorsen, Bente; Larsen, Bodil M. - Statistisk Sentralbyrå, Government of Norway - 2006
In the aggregation literature, prices and price and income derivatives are often assumed not to vary across consumers. These assumptions may not be fulfilled: prices often vary and consumers are heterogeneous in the way they respond to price and income changes. In this paper we develop and...
Persistent link: https://www.econbiz.de/10004980777
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Price and hedonic heterogeneity measures in local housing markets
Sommervoll, Dag Einar - 2023
In this paper, we develop a local housing stock heterogeneity measure. This measure may be used to monitor housing … stock heterogeneity over time and in combination with other measures of policy interest. We illustrate the latter by looking … at local housing stock heterogeneity, house price variation (measured by local Gini coefficients), and affordability …
Persistent link: https://www.econbiz.de/10014551747
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Price and hedonic heterogeneity measures in local housing markets
Sommervoll, Dag Einar - 2023
In this paper, we develop a local housing stock heterogeneity measure. This measure may be used to monitor housing … stock heterogeneity over time and in combination with other measures of policy interest. We illustrate the latter by looking … at local housing stock heterogeneity, house price variation (measured by local Gini coefficients), and affordability …
Persistent link: https://www.econbiz.de/10014325788
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Aggregate and Household Demand for Money: Evidence from Public Opinion Survey on Household Financial Assets and Liabilities
Fujiki, Hiroshi; Hsiao, Cheng - Institute for Monetary and Economic Studies, Bank of Japan - 2008
the issues of unobserved heterogeneity among cross-sectional units and stability of Japanese aggregate money demand …
Persistent link: https://www.econbiz.de/10004971203
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Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach
Fujiwara, Ippei; Hirose, Yasuo; Shintani, Mototsugu - Institute for Monetary and Economic Studies, Bank of Japan - 2008
We examine whether the news shocks, as explored in Beaudry and Portier (2004), can be a major source of aggregate fluctuations. For this purpose, we extend a dynamic stochastic general equilibrium model, a la Christiano, Eichenbaum, and Evans (2005), by allowing news shocks on the total factor...
Persistent link: https://www.econbiz.de/10004975776
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Aggregate and Household Demand for Money: Evidence from Public Opinion Survey on Household Financial Assets and Liabilities
Fujiki, Hiroshi; Hsiao, Cheng - 2013
the issues of unobserved heterogeneity among cross-sectional units and stability of Japanese aggregate money demand …
Persistent link: https://www.econbiz.de/10010892080
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Testing multivariate economic restrictions using quantiles: The example of Slutsky negative semidefiniteness
Dette, Holger; Hoderlein, Stefan; Neumeyer, Natalie - 2011
This paper is concerned with testing rationality restrictions using quantile regression methods. Specifically, we consider negative semidefiniteness of the Slutsky matrix, arguably the core restriction implied by utility maximization. We consider a heterogeneous population characterized by a...
Persistent link: https://www.econbiz.de/10010288357
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Testing multivariate economic restrictions using quantiles : the example of Slutsky negative semidefiniteness
Dette, Holger; Hoderlein, Stefan; Neumeyer, Natalie - In: Journal of econometrics 191 (2016) 1, pp. 129-144
Persistent link: https://www.econbiz.de/10011594650