that can be interpreted as an extension of the normal correlation theorem. Contagion is defined as a structural break in …

allowing for an arbitrary covariance structure between time periods. We also suggest a third technique, based on randomization …

The widely used Oaxaca decomposition applies to linear models. Extending it to commonly used nonlinear models such as … duration models is not straightforward. This paper shows that the original decomposition that uses a linear model can also be … obtained by an application of the mean value theorem. By extension, this basis provides a means of obtaining a decomposition …

further extension of the basic idea: we apply Random Forest (RF) regression to estimate the explained and unexplained parts …

The widely used Oaxaca decomposition applies to linear models. Extending it to commonly used nonlinear models such as … duration models is not straightforward. This paper shows that the original decomposition that uses a linear model can also be … obtained by an application of the mean value theorem. By extension, this basis provides a means of obtaining a decomposition …