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Economic analysis of the European cement industry

Boyer, Marcel; Ponssard, Jean-Pierre - HAL - 2013

We present a methodology to assess the profitability of a capital intensive industry over a business cycle and to make projections of profitability for different investment strategies under various hypothetical scenarios for environmental and competition policies. The methodology is applied to...

Persistent link: https://www.econbiz.de/10010821134

REGIME SWITCHING TERM STRUCTURE MODEL UNDER PARTIAL INFORMATION

FUTAMI, HIDENORI - In: International Journal of Theoretical and Applied … 14 (2011) 02, pp. 265-294

In this study, we attempt to calculate the term structure of the interest rate under partial information using a model in which the mean reversion level of the short rate changes in accordance with a regime shift in the economy. Under partial information, an investor observes the history of only...

Persistent link: https://www.econbiz.de/10008914066

A Simple Model of the Firm Life Cycle

SCHENK-HOPPE, Klaus REINER; SCHWERI, Urs

This paper presents a simple model of the firm life cycle that cap- tures several stylized economic and financial features which usually require considerably more demanding approaches. We study the opti- mal capital accumulation policy of a financially constrained firm whose revenue is subject...

Persistent link: https://www.econbiz.de/10008922940

Global Financial Crisis and International Institutions: Challenges, Opportunities and Change

Lane, Jan-Erik; Maeland, Reinert - In: Public Organization Review 11 (2011) 1, pp. 29-43

Persistent link: https://www.econbiz.de/10008926005

The Synchronization of Regional Business Cycles with Nationwide Cycles

Burzala, Milda Maria - In: Dynamic Econometric Models 9 (2009), pp. 61-72

This paper attempts to assess the level of synchronization between the business cycles of Poland’s regions and those of the country as a whole. The measure of economic activity was an index of total industrial output sold, recorded monthly from January 1999 to December 2008, adjusted for...

Persistent link: https://www.econbiz.de/10009001746

The Income- and Expenditure-Side Estimates of U.S. Output Growth

Nalewaik, Jeremy J. - In: Brookings Papers on Economic Activity 41 (2010) 1 (Spring), pp. 71-127

Persistent link: https://www.econbiz.de/10009001869

Time-to-degree and the business cycle

Messer, Dolores; Wolter, Stefan - In: Education Economics 18 (2010) 1, pp. 111-123

This paper presents the results of an empirical investigation trying to explain individual time-to-degree variances with business cycle fluctuations. Assuming that students determine the optimum study length at university weighing up the cost of an additional semester against the consumption...

Persistent link: https://www.econbiz.de/10008603440

Evaluation of Nonlinear time-series models for real-time business cycle analysis of the Euro.

Billio, Monica; Ferrara, Laurent; Guegan, Dominique; … - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009

In this paper, we aim at assessing Markov-switching and threshold models in their ability to identify turning points of economic cycles. By using vintage data that are updated on a monthly basis, we compare their ability to detect ex-post the occurrence of turning points of the classical...

Persistent link: https://www.econbiz.de/10008622023

Credit supply - Identifying balance-sheet channels with loan applications and granted loans

Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; … - European Central Bank - 2010

resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and … reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to …

Persistent link: https://www.econbiz.de/10008565827

POVERTY, GOVERNMENT TRANSFERS, AND THE BUSINESS CYCLE: EVIDENCE FOR THE UNITED STATES

HERZER, Dierk; KLUMP, Rainer - In: Applied Econometrics and International Development 9 (2009) 2

We examine the impact of government transfers and the business cycle on poverty in the United States in the context of a poverty function that includes the official poverty rate, three types of government transfers, real wages, the number of female-headed families, and a business cycle variable....

Persistent link: https://www.econbiz.de/10008566171