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Do critical audit matter paragraphs in the audit report change nonprofessional investors' decision to invest?
Christensen, Brant E.; Glover, Steven M.; Wolfe, … - In: Auditing : a journal of practice & theory 33 (2014) 4, pp. 71-93
Persistent link: https://www.econbiz.de/10010467336
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Did the Crisis Affect Potential Output?
El-Shagi, Makram - 2010
Conventional Phillips-curve models that are used to estimate the output gap detect a substantial decline in potential output due to the present crisis. Using a multivariate state space model, we show that this result does not hold if the long run role of excess liquidity (that we estimate...
Persistent link: https://www.econbiz.de/10010271405
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Bayesian demographic modeling and forecasting: an application to U.S. mortality
Reichmuth, Wolfgang H.; Sarferaz, Samad - 2008
We present a new way to model age-specific demographic variables with the example of age-specific mortality in the U.S., building on the Lee-Carter approach and extending it in several dimensions. We incorporate covariates and model their dynamics jointly with the latent variables underlying...
Persistent link: https://www.econbiz.de/10010276366
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Idiosyncratic Labour Income Risk and Aggregate Consumption: an Unobserved Component Approach
Pozzi, Lorenzo - 2007
We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is decomposed into an aggregate and into an...
Persistent link: https://www.econbiz.de/10010325226
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Income uncertainty and aggregate consumption
Pozzi, Lorenzo - 2005
We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an aggregate and into a consumer-specific part....
Persistent link: https://www.econbiz.de/10011506599
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Income uncertainty and aggregate consumption
Pozzi, Lorenzo - 2005
We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an aggregate and into a consumer-specific part....
Persistent link: https://www.econbiz.de/10011625544
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Macroeconomic nowcasting and forecasting with big data
Bok, Brandyn; Caratelli, Daniele; Giannone, Domenico; … - 2017
Data, data, data . . . Economists know it well, especially when it comes to monitoring macroeconomic conditions - the basis for making informed economic and policy decisions. Handling large and complex data sets was a challenge that macroeconomists engaged in real-time analysis faced long before...
Persistent link: https://www.econbiz.de/10011754390
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Forecasting with real-time macroeconomic data : the ragged-edge problem and revisions
E. Bouwman, Kees; Jacobs, Jan - In: Journal of macroeconomics 33 (2011) 4, pp. 784-792
Persistent link: https://www.econbiz.de/10009530428
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Strukturelle Arbeitslosigkeit in Europa : eine Bestandsaufnahme (Structural unemployment in Europe * an inventory)
Beissinger, Thomas - In: Mitteilungen aus der Arbeitsmarkt- und Berufsforschung 36 (2003) 4, pp. 411-427
unemployment rate is also called the long-term NAIRU or natural unemployment rate. The critical evaluation of various methods to … estimate the long-term NAIRU and a short overview of the variety of results of different empirical studies make it obvious that … NAIRU estimates do not permit precise statements at present regarding the scale of structural unemployment. Empirical …
Persistent link: https://www.econbiz.de/10010734114
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U.S. natural rate dynamics reconsidered
Bårdsen, Gunnar; Nymoen, Ragnar - 2006
Several features of the U.S. natural rate of unemployment are reconsidered through specification and testing of econometric models. Traditionally, the choice has been between a wage Phillips curve model, PCM, or an equilibrium correction wage curve model, WECM. The models proposed in this paper...
Persistent link: https://www.econbiz.de/10010284368