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A nonparametric analysis of black-white differences in intergenerational income mobility in the United States
Bhattacharya, Debopam; Mazumder, Bhashkar - In: Quantitative economics : QE ; journal of the … 2 (2011) 3, pp. 335-379
Lower intergenerational income mobility for blacks is a likely cause behind the persistent interracial gap in economic status in the United States. However, few studies have analyzed black-white differences in intergenerational income mobility and the factors that determine these differences....
Persistent link: https://www.econbiz.de/10011756354
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Off-balance sheet activities, inefficiency and market power of U.S. banks
Wheelock, David C.; Wilson, Paul W. - 2019
The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...
Persistent link: https://www.econbiz.de/10011998070
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The determinants of the euro-dollar exchange rate : synthetic fundamentals and a non-existing currency
Clostermann, Jörg; Schnatz, Bernd - 2000
At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro-dollar exchange rate over a period from 1975 to 1998 and...
Persistent link: https://www.econbiz.de/10011418743
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Predicting real exchange rates from real interest rate differentials and net foreign asset stocks : evidence for the mark/dollar parity
Meier, Carsten-Patrick - 1999
When nontraded goods prices are accounted for consistently and genuine stock data on bilateral foreign asset holdings is employed, a modified sticky-price exchange rate model by far outperforms the benchmark random walk-model in empirically forecasting the D-mark/dollar parity out of sample....
Persistent link: https://www.econbiz.de/10011490699
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Modelling persistence and non-linearities in the US treasury 10-year bond yields
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Yaya, … - 2022
This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …
Persistent link: https://www.econbiz.de/10012813850
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The relationship between prices and output in the UK and the US
Caporale, Guglielmo Maria; Claudio-Quiroga, Gloria; … - 2021
and persistence, especially in the case of CPI. Since the two variables have different degrees of integration in each of …
Persistent link: https://www.econbiz.de/10012494781
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The Covid-19 pandemic and the degree of persistence of US stock prices and bond yields
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Poza, Carlos - 2021
This paper analyses the possible effects of the Covid-19 pandemic on the degree of persistence of US monthly stock …-December 2020 and then a recursive approach is taken to examine whether or not persistence has changed during the following …. The recursive analysis shows no impact of the Covid-19 pandemic on the persistence of stock prices, whilst there is an …
Persistent link: https://www.econbiz.de/10012494826
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Non-linearities and persistence in US long-run interest rates
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2020
fractional integration model suitable to capture both persistence and non-linearities, these being two important properties of …
Persistent link: https://www.econbiz.de/10012383724
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Long-run linkages between US stock prices and cryptocurrencies : a fractional cointegration analysis
Caporale, Guglielmo Maria; Dios Mazariegos, José Javier; … - 2022
This paper applies fractional integration and cointegration methods to examine respectively the univariate properties of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market indices (S&P500, NASDAQ, Dow Jones and MSCI for emerging...
Persistent link: https://www.econbiz.de/10013368898
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US house prices by census division : persistence, trends and structural breaks
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2022
This paper uses fractional integration methods to examine persistence, trends and structural breaks in US house prices …
Persistent link: https://www.econbiz.de/10013472362