We present an idiographic approach to modeling dyadic interactions using differential equations. Using data representing daily affect ratings from romantic relationships, we examined several models conceptualizing different types of dyadic interactions. We fitted each model to each of the dyads...

Besides facilitating access to the world market, WTO accession negotiations entail a process of domestic reforms that are expected to improve the supply side of acceding economies. However, measuring the actual impact of accession remains an empirical debate. The present paper contributes to the...

The impact of structural changes as well as breaks on oil price fluctuations is studied in this article. There are a few channels, such as domestic prices and inflation, that cause the effect of oil price to pass through the economy. The higher crude oil price is immediately followed by the...

David Freedman's critique of causal modeling in the social and biomedical sciences was fundamental. In his view, the enterprise was misguided, and there was no technical fix. Far too often, there was a disconnect between what the statistical methods required and the substantive information that...

A second approach focuses on the relationships existing between the variables themselves, using multi-criteria and graph analysis. Natural resources endowments, on the one hand, and services orientation, on the other one, are among the most determinant variables for defining Trade in Value Added...

We present an analysis of VaR forecasts and P&L-series of all 13 German banks that used internal models for regulatory purposes in the year 2001. To this end, we introduce the notion of well-behaved forecast systems. Furthermore, we provide a series of statistical tools to perform our analyses....

Operational risk is being considered as an important risk component for financial institutions as evinced by the large sums of capital that are allocated to mitigate this risk. Therefore, risl measurement is of paramount concern for the purposes of capital allocation, hedging, and new product...