Similar Search Results

The life-cycle and the business-cycle of wage risk: a cross-country comparison

Bayer, Christian; Juessen, Falko - 2009

This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...

Persistent link: https://www.econbiz.de/10010271322

Estimating border effects : the impact of spatial aggregation

Coughlin, Cletus Charles; Novy, Dennis - 2016

this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which … associated with smaller border effects. The reason is that due to spatial frictions, aggregation across space increases the … mechanism leads to border effect heterogeneity and is independent of multilateral resistance effects in general equilibrium …

Persistent link: https://www.econbiz.de/10011458028

Bayesian estimation of a DSGE model with inventories

Foerster, Marcel - 2011

This paper introduces inventories in an otherwise standard Dynamic Stochastic General Equilibrium Model (DSGE) of the business cycle. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. The paper's main contribution is...

Persistent link: https://www.econbiz.de/10010281471

Global Economic Uncertainty and the U.S. Equity Returns

Jahan-Parvar, Mohammad R.; Kitsul, Yuriy; Rahman, Jamil A. - 2021

We document the predictive ability and economic significance of global economic policy uncertainty for U.S. equity returns. After orthogonalizing global economic policy uncertainty (global EPU) with respect to the U.S. EPU, we find that it has significant predictive power for aggregate stock...

Persistent link: https://www.econbiz.de/10013242535

Bayesian estimation of a DSGE model with inventories

Foerster, Marcel - 2011

Persistent link: https://www.econbiz.de/10009011974

It Investment and Hicks' Composite-Good Theorem : The U.S. Experience

Marquez, Jaime; Wang, Shing-Yi - 2003

We study whether aggregation residuals in U.S. private investment in information technology (IT) exhibit a predictable … finding is that ignoring movement in relative prices results in a loss of information for predicting aggregation residuals …

Persistent link: https://www.econbiz.de/10014076282

Testing for indeterminacy: An application to US monetary policy

Lubik, Thomas A.; Schorfheide, Frank - 2002

This paper considers a prototypical monetary business cycle model for the U.S. economy, in which the equilibrium is undetermined if monetary policy is ‘inactive? In previous multivariate studies it has been common practice to restrict parameter estimates to values for which the equilibrium is...

Persistent link: https://www.econbiz.de/10010293510

Disaggregating multinationality : an empirical examination of aggregation, adaptation, and arbitrage activities by U.S. multinational corporations

Berry, Heather; Kaul, Aseem - In: Strategy Science 7 (2022) 2, pp. 90-105

Persistent link: https://www.econbiz.de/10013352706

The day-of-the-week effect revisited: An alternative testing approach

Alt, Raimund; Fortin, Ines; Weinberger, Simon - 2002

This paper questions traditional approaches for testing the day-of-the-week effect on stock returns. We propose an alternative approach based on the closure test principle introduced by Marcus, Peritz and Gabriel (1976), which has become very popular in Biometrics and Medical Statistics. We test...

Persistent link: https://www.econbiz.de/10010292794

Industry Wage Differentials Revisited: A Longitudinal Comparison of Germany and USA (1984-1996)

Haisken-DeNew, John P.; Schmidt, Christoph M. - 1999

unobserved heterogeneity in the random effects panel estimations reduces the industry wage dispersion by about half. Thus …

Persistent link: https://www.econbiz.de/10010262319

1
2
3
4
5
6
7
8
9
10
Next
Last