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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
This paper considers estimation methods and inference for linear dynamic panel data models with unit-specific heterogeneity and a short time dimension. In particular, we focus on the identification of the coefficients of time-invariant variables in a dynamic version of the Hausman and Taylor...
Persistent link: https://www.econbiz.de/10010342822
Between 1979 and 2009, the German labour market moved along a Beveridge curve with changing slope that used to shift outwards but shifted inwards after severe labour market reforms had come into force. We analyse these dynamics and focus on the macroeconomic outcome of the reforms. For that...
Persistent link: https://www.econbiz.de/10010487258
Persistent link: https://www.econbiz.de/10003866231
Two signaling games of monetary policy are considered: game one examines the effect of hysteresis on the labor market … hysteresis. The second game compares weifare effects of monetary target announcements to those of a rigid rule under alternative …
Persistent link: https://www.econbiz.de/10009774705
Consequences of path-dependent supply side hysteresis on the market equilibrium are illustrated. Supply is only a … hysteresis is modelled by continuous dynamics showing similarities to mechanical play . This contrast the standard firm level … modelling of hysteresis resulting from discontinuous activity/inactivity switches. Non-linear play-dynamics are captured in a …
Persistent link: https://www.econbiz.de/10010344613
The advent of digital television has triggered a revolution in the use of radio spectrum worldwide and in particular in Europe, where the digital switchover, meaning the migration process from analogue to digital broadcasting, has led to two major consequences on spectrum use. First of all,...
Persistent link: https://www.econbiz.de/10010396267
Persistent link: https://www.econbiz.de/10003399630