In this paper we propose tests for hypotheses regarding the parameters of the deterministictrend function of a univariate time series. The tests do not require knowledge of the form ofserial correlation in the data and they are robust to strong serial correlation. The data cancontain a unit root...

Der schweizer Finanzplan ist reich an Vermögnesverwaltern. Die Wahrnehmung allerdings, dass allein die Banken in diesem lukrativen Geschäft aktiv sind, ist falsch. Unterschätzt werden die zahlreichen unabhängigen Vermögensverwalter, die ihre Dienste vermögenden Kunden anbieten. [...]

UK government policy encourages mothers of young children in low-income families to enter or return to work, via tax credit subsidies and support for childcare. Maternal employment is seen a central plank in the campaign against child poverty, both because it raises income immediately and...

Our paper introduces a new estimation method for arbitrary temporal heterogeneityin panel data models. The paper provides a semiparametric method for estimatinggeneral patterns of cross-sectional specific time trends. The methods proposed in thepaper are related to principal component analysis...