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pooled timeseries estimation on a forward-looking monetary model, resulting inparameter estimates which are in compliance … with the underlyingtheory. Based on a panel version of the Engle and Granger (1987) two-stepprocedure we find that the … residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …
Persistent link: https://www.econbiz.de/10011299983
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. This paper explores how much these constraints affect investment by ownership type in China, using a panel data model …
Persistent link: https://www.econbiz.de/10013489728
This paper examines the concept of inflation persistence in macroeconomic theory. It begins with a definition of …
Persistent link: https://www.econbiz.de/10003906727
, issuer, and portfolio level. Finance theory and empirical evidence suggest that investors may prefer "green" over "dirty …
Persistent link: https://www.econbiz.de/10012608032
, issuer, and portfolio level. Finance theory and empirical evidence suggest that investors may prefer "green" over "dirty …
Persistent link: https://www.econbiz.de/10012668769
Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and life insurance companies in the U.S. We construct a...
Persistent link: https://www.econbiz.de/10014313988
Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no …
Persistent link: https://www.econbiz.de/10015051493
This paper provides empirical evidence that campaign contributions arestrongly associated with market expectations of future firm-specific political favors,including preferential access to external financing. Using a novel dataset, we find thatfirms in Brazil providing contributions in the 1998...
Persistent link: https://www.econbiz.de/10011348347