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Moral-hazard-free first-best unemployment insurance

Parsons, Donald O. - 2016

Unemployment insurance replacement rates world-wide are well below 100 percent, a fact often attributed to search moral hazard concerns. As Blanchard and Tirole (2008) have illustrated, however, neither search nor layoff moral hazard (firing cost) distortions need arise in first-best insurance...

Persistent link: https://www.econbiz.de/10011455570

On the applicability of maximum likelihood methods : from experimental to financial data

Jakusch, Sven Thorsten - 2016

This paper addresses whether and to what extent econometric methods used in experimental studies can be adapted and applied to financial data to detect the best-fitting preference model. To address the research question, we implement a frequently used nonlinear probit model in the style of Hey...

Persistent link: https://www.econbiz.de/10011539677

On the applicability of maximum likelihood methods : from experimental to financial data

Jakusch, Sven Thorsten - 2017

This paper addresses whether and to what extent econometric methods used in experimental studies can be adapted and applied to financial data to detect the best-fitting preference model. To address the research ques- tion, we implement a frequently used nonlinear probit model in the style of Hey...

Persistent link: https://www.econbiz.de/10012062008

Optimization of high-speed railway station location selection based on accessibility and environmental impact

Roy, Sandeepan; Maji, Avijit - 2019

High speed railway (HSR) planners aim to select locations that optimize the overall utility or benefit of HSR stations by satisfying various desirable requirements. Among other factors, accessibility and environmental impact are important considerations for HSR station location selection. The...

Persistent link: https://www.econbiz.de/10012007689

Macroeconomic aspects of European integration : fiscal policy, trade integration and the European business cycle

Crespo Cuaresma, Jesús; Pfaffermayr, Michael; Amador, … - 2011

We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …

Persistent link: https://www.econbiz.de/10011392349

Smoothing it out : empirical and simulation results for disentangled realized covariances

Vander Elst, Harry; Veredas, David - 2015

Persistent link: https://www.econbiz.de/10011289133

The synchronization of European credit cycles

Meller, Barbara; Metiu, Norbert - 2015

We study the synchronization of credit booms and busts among 12 major European economies and the United States between … credit cycle synchronization. …

Persistent link: https://www.econbiz.de/10011299045

The great synchronization of international trade collapse

Antonakakis, Nikolaos - 2012

Persistent link: https://www.econbiz.de/10009622250

Symmetry and separability in two-country cointegrated VAR models : representation and testing

Krolzig, Hans-Martin; Heinlein, Reinhold - 2013

Introducing the approach by Masanao Aoki (1981) to time series econometrics, we show that the dynamics of symmetric linear possibly cointegrated two-country VAR models can be separated into two autonomous subsystems: the country averages and country differences, where the latter includes the...

Persistent link: https://www.econbiz.de/10010228330

Disentangled jump-robust realized covariances and correlations with non-synchronous prices

Vander Elst, Harry; Veredas, David - 2014

Persistent link: https://www.econbiz.de/10010418993