Showing 1 - 10 of 52
, such as a regression function, and treating it as a conditional expectation is central to its identification and estimation … identification related properties of this model when the unknown function mu* belongs to a linear space. We also investigate … underidentification of mu* along with the identification of its linear functionals. Several examples are provided in order to develop …
Persistent link: https://www.econbiz.de/10009430113
. This dissertation contributes to the existing body of work by focusing on issues related to parameter identification.In the … used to determine the identifiability, and estimate the parameters of such models. I derive conditions for identification … models, as well as for detecting identification problems.In the third essay I develop a methodology for analyzing …
Persistent link: https://www.econbiz.de/10009476557
Rising wage inequality in the U.S. and Britain and rising continental European unemployment have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the unskilled, combined with flexible wages in the Anglo-Saxon...
Persistent link: https://www.econbiz.de/10009476767
equivalence, partial and weak identification problems are widespread and they lead to biased estimates, unreliable t … identification and study how small samples interact with parameters and shock identification. We provide diagnostics and tests to … detect identification failures and apply them to a state-of-the-art model …
Persistent link: https://www.econbiz.de/10012530170
propose a new VAR identification scheme that enables us to disentangle immigration shocks from other macroeconomic shocks …. Identification is achieved by imposing sign restrictions on Norwegian data over the period 1990Q1 - 2014Q2. The availability of a … quarterly series for net immigration is crucial to achieving identification. Notably, immigration is an endogenous variable in …
Persistent link: https://www.econbiz.de/10012530555
Since the publication of Keynes' “General Theory of Employment, Interest, and Money” in 1936 many new ideas and solution concepts for macroeconomic problems emerged, disappeared, and were combined in order to appropriately describe macroeconomic phenomena. Nowadays, New Keynesian frameworks...
Persistent link: https://www.econbiz.de/10009429001
Dua and Miller (1996) created leading and coincident employment indexes for the state of Connecticut, following Moore's (1981) work at the national level. The performance of the Dua-Miller indexes following the recession of the early 1990s fell short of expectations. This paper performs two...
Persistent link: https://www.econbiz.de/10009429949
This dissertation investigates the properties of macroeconomic fluctuations in a small open economy under the presence of sovereign default risk. International borrowing and lending arise from the interaction between a risk averse sovereign representative agent in a small open economy trying to...
Persistent link: https://www.econbiz.de/10009431297
Dramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the global crisis. These changes are reflected in the terms of trade of individual countries and in the relative prices of goods within those countries. Asia-Pacific countries are...
Persistent link: https://www.econbiz.de/10009434784
We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...
Persistent link: https://www.econbiz.de/10009435028