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Household finances and social interaction : Bayesian analysis of household panel data
Brown, Sarah; Ghosh, Pulak; Taylor, Karl - 2014
types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …
Persistent link: https://www.econbiz.de/10010380024
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Household Finances and Social Interaction : Bayesian Analysis of Household Panel Data
Brown, Sarah - 2014
of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …
Persistent link: https://www.econbiz.de/10013051017
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Financial hardship and saving behaviour : Bayesian analysis of British panel data
Brown, Sarah; Ghosh, Pulak; Pareek, Bhuvanesh; Taylor, Karl - 2017
data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and … the amount of monthly secured debt repayments, allowing for dynamics and interdependence in both of the two-part outcomes … dependence in financial problems exists; (iii) interdependence exists between financial problems and secured debt, specifically …
Persistent link: https://www.econbiz.de/10011709645
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Financial Hardship and Saving Behaviour : Bayesian Analysis of British Panel Data
Brown, Sarah - 2017
data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and … the amount of monthly secured debt repayments, allowing for dynamics and interdependence in both of the two-part outcomes … dependence in financial problems exists; (iii) interdependence exists between financial problems and secured debt, specifically …
Persistent link: https://www.econbiz.de/10012948687
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The portfolio structure of German households : a multinomial fractional response approach with unobserved heterogeneity
Becker, Gideon - 2014 - This draft: September 1, 2014
What determines the risk structure of financial portfolios of German households? In this paper we estimate the determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so called fractional multinomial logit model - which...
Persistent link: https://www.econbiz.de/10010426240
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Responses to monetary policy shocks in the east and the west of Europe: a comparison
Jarociński, Marek - 2008
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10011605016
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Current account benchmarks for central and eastern Europe: a desperate search?
Ca' Zorzi, Michele; Chudik, Alexander; Dieppe, Alistair - 2009
This paper examines two competing approaches for calculating current account benchmarks, i.e. the external sustainability approach á la Lane and Milesi-Ferretti (LM) versus the structural current accounts literature (SCA) based on panel econometric techniques. The aim is to gauge the medium...
Persistent link: https://www.econbiz.de/10011605041
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Parametric covariance matrix modeling in Bayesian panel regression
Salabasis, Mickael - 2004
The full Bayesian treatment of error component models typically relies on data augmentation to produce the required inference. Never stricly necessary a direct approach is always possible though not necessarily practical. The mechanics of direct sampling are outlined and a template for including...
Persistent link: https://www.econbiz.de/10010281263
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Responses to monetary policy shocks in the east and the west of Europe : a comparison
Jarociński, Marek - 2008
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10003825885
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Parametric covariance matrix modeling in Bayesian panel regression
Salabasis, Mickael (contributor) - 2004 - [Elektronische Ressource], Rev. February 16, 2005
The full Bayesian treatment of error component models typically relies on data augmentation to produce the required inference. Never stricly necessary a direct approach is always possible though not necessarily practical. The mechanics of direct sampling are outlined and a template for including...
Persistent link: https://www.econbiz.de/10002595455