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Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic...
Persistent link: https://www.econbiz.de/10012676825
This paper contributes to the policy evaluation literature by developing new strategies to study alternative policy rules. We compare optimal rules to simple rules within canonical monetary policy models. In our context, an optimal rule represents the solution to an intertemporal optimization...
Persistent link: https://www.econbiz.de/10012709439
Verlagsinfo: Handbook of Econometrics, Volume 7A, examines recent advances in foundational issues and "hot" topics within econometrics, such as inference for moment inequalities and estimation of high dimensional models. With its world-class editors and contributors, it succeeds in unifying...
Persistent link: https://www.econbiz.de/10012392229
"Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and...
Persistent link: https://www.econbiz.de/10012254700
The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. The Handbook of Economic Growth,...
Persistent link: https://www.econbiz.de/10012254732
The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. The Handbook of Economic Growth,...
Persistent link: https://www.econbiz.de/10012254776
Persistent link: https://www.econbiz.de/10012486216
Persistent link: https://www.econbiz.de/10012614024
Verlagsinfo: Handbook of Econometrics, Volume 7A, examines recent advances in foundational issues and "hot" topics within econometrics, such as inference for moment inequalities and estimation of high dimensional models. With its world-class editors and contributors, it succeeds in unifying...
Persistent link: https://www.econbiz.de/10012794669
This paper proposes a method of testing whether a time series is a martingale. The procedure develops an asymptotic theory for the shape of the spectral distribution function of the first differences. Under the null hypothesis, this shape should be a diagonal line. several tests are developed...
Persistent link: https://www.econbiz.de/10012776740