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Doing well in reforming the labour market? : recent trends in job stability and wages in Germany ; conference paper

Giannelli, Gianna Claudia; Jaenichen, Ursula; Rothe, Thomas - 2013

The German employment miracle with a weak decline in employment and low unemployment during the great recession seems to be a good example for a successful labour market reform. While the aggregate level of job turnover seems to be stable over time, there are nevertheless concerns about rising...

Persistent link: https://www.econbiz.de/10010339311

A score-test on measurement errors in rating transition times : conference paper

Voß, Sebastian; Weißbach, Rafael - 2014

We model credit rating histories as continuous-time discrete-state Markov processes. Infrequent monitoring of the debtors' solvency will result in erroneous observations of the rating transition times, and consequently in biased parameter estimates. We develop a score test against such...

Persistent link: https://www.econbiz.de/10010488552

The empirical (ir)relevance of the interest rate assumption for central bank forecasts : conference paper

Knüppel, Malte; Schultefrankenfeld, Guido - 2013

The interest rate assumptions for macroeconomic forecasts differ considerably among central banks. Common approaches are given by the assumption of constant interest rates, interest rates expected by market participants, or the central bank's own interest rate expectations. From a theoretical...

Persistent link: https://www.econbiz.de/10010337208

Evaluating misspecification in DSGE models using tests for overidentifying restrictions : conference paper

Reicher, Christopher Phillip - 2013 - This version: February 1, 2013

In this paper I discuss the estimation of the process governing the structural shocks (or wedges) to a DSGE model, arguing that a well-specified model would satisfy certain sets of moment conditions. Based on tests for overidentifying restrictions, I compare three specifications of the Taylor...

Persistent link: https://www.econbiz.de/10010339402

Overidentification test in a nonparametric treatment model with unobserved heterogeneity : conference paper

Dzemski, Andreas; Sarnetzki, Florian - 2014 - This version: February 15, 2014

investigate the validity and finite sample performance of an easy-to-implement wild bootstrap procedure. Finally, we illustrate … a multiplier bootstrap to conduct inference in a treatment model with nonparametrically estimated regressors. Our … simulations illustrate that a much easier to implement na ve wild bootstrap procedure can have good properties. In our application …

Persistent link: https://www.econbiz.de/10010491120

Nonstationary-volatility robust panel unit root tests and the great moderation : conference paper

Hanck, Christoph; Czudaj, Robert - 2013

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when there are structural breaks in the innovation...

Persistent link: https://www.econbiz.de/10010343777

The estimation uncertainty of permanent-transitory decompositions in co-integrated systems : conference paper

Schreiber, Sven - 2014 - This version: February 2014

data in that period. To calculate asymptotically valid confidence intervals we use the delta method and two bootstrap …

Persistent link: https://www.econbiz.de/10010489880