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Higher-order income risk over the business cycle
Busch, Christopher; Ludwig, Alexander - 2020
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higherorder risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012182809
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Higher-order income risk over the business cycle
Busch, Christopher; Ludwig, Alexander - 2020
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
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Cross-Sectional Universalities in Financial Time Series
Zumbach, Gilles O. - 2013
When estimating process on financial time series, the usual method is to postulate the equations for the process and to estimate the parameter values for each time series. The implicit assumption is that the equations are universal (i.e. identical for all assets), while the parameters are...
Persistent link: https://www.econbiz.de/10013071400
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Money, income and causality : an open economy reexamination
Hachemi, Aliouche el- - 1992
Persistent link: https://www.econbiz.de/10000864884
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An empirical study of trade openness and inflation in India
Chhabra, Megha; Alam, Qamar - In: Decision : official journal of Indian Institute of … 47 (2020) 1, pp. 79-90
Persistent link: https://www.econbiz.de/10012419170
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Chapter 62 A Practitioner's Approach to Estimating Intertemporal Relationships Using Longitudinal Data: Lessons from Applications in Wage Dynamics
MaCurdy, Thomas - In: Handbook of econometrics : volume 6A, (pp. 4057-4167). 2007
This chapter presents a unified set of estimation methods for fitting a rich array of models describing dynamic … chapter is motivated by the principle that, whenever possible, estimation methods should rely on routines available in … sampling inherent in survey longitudinal data, (3) incorporation of predetermined variables in estimation, and (4 …
Persistent link: https://www.econbiz.de/10014024953
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Non-tariff barriers, market access, and trade
Mathä, Thomas - 2001
This paper analyses the effects of non-tariff barriers, in terms of both variable and fixed export costs, on trade structure. The relationship between fixed and variable trade costs determines whether international trade emerges. If trade emerges, only variable, but not fixed export costs,...
Persistent link: https://www.econbiz.de/10010281294
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Non-tariff barriers, market access, and trade
Mathä, Thomas (contributor) - 2001 - [Elektronische Ressource]
This paper analyses the effects of non-tariff barriers, in terms of both variable and fixed export costs, on trade structure. The relationship between fixed and variable trade costs determines whether international trade emerges. If trade emerges, only variable, but not fixed export costs,...
Persistent link: https://www.econbiz.de/10001600083
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The PPP puzzle : what the data tell when allowed to speak freely
Jusélius, Katarina (contributor) - 2007
Persistent link: https://www.econbiz.de/10003603877