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The Ill-Posed Problem in Growth Empirics

Jensen, Peter Sandholt; Würtz, Allan H. - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2005

A problem encountered in growth empirics is that the number of explanatory variables is large compared to the number of observations. This makes it impossible to condition on all regressors when determining if a variable is important. We investigate methods used to resolve this problem: Extreme...

Persistent link: https://www.econbiz.de/10005232978

Monetary policy with forward-looking rules: The Swiss case

Cuche, Nicolas A. - Swiss National Bank, Study Center Gerzensee - 2000

We estimate monetary policy rules in Switzerland for 1981-1997. In addition to an inflation gap, we find that forward-looking rules with output and exchange rate gaps nicely fit monetary aggregates as well as the call rate. We split the sample in 1990 when the Swiss National Bank replaced annual...

Persistent link: https://www.econbiz.de/10005465173

THE POLITICAL ROBUSTNESS IN INDONESIA

Situngkir, Hokky - EconWPA - 2004

anthropological analysis of socio-political system in Indonesia. This fact accentuates a character of robustness in Indonesian …

Persistent link: https://www.econbiz.de/10005118801

Robustness or Efficiency, A Test to Solve the Dilemma

Dehon, Catherine; Gassner, Marjorie; Verardi, Vincenzo - EconWPA - 2005

regression framework, on the basis of the trade-off betewen robustness and efficiency. An economic example is provided to …

Persistent link: https://www.econbiz.de/10005119155

Insurance Policies for Monetary Policy in the Euro Area

Küster, Keith; Wieland, Volker - Center for Financial Studies - 2005

In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB.We find that maximal insurance across this model range in terms of aMinimax policy comes at moderate...

Persistent link: https://www.econbiz.de/10005120783

25 Years of IIF Time Series Forecasting: A Selective Review

Gooijer, Jan G. De; Hyndman, Rob J. - Department of Econometrics and Business Statistics, … - 2005

We review the past 25 years of time series research that has been published in journals managed by the International Institute of Forecasters (Journal of Forecasting 1982-1985; International Journal of Forecasting 1985-2005). During this period, over one third of all papers published in these...

Persistent link: https://www.econbiz.de/10005427625

On determining the importance of a regressor with small and undersized samples

Jensen, Peter Sandholt; Würtz, Allan H. - School of Economics and Management, University of Aarhus - 2006

A problem encountered in, for instance, growth empirics is that the number of explanatory variables is large compared to the number of observations. This makes it infeasible to condition on all variables in order to determine the importance of a variable of interest. We prove identifying...

Persistent link: https://www.econbiz.de/10005439950

Robust adaptive estimation for semivarying coefficient models

Zhao, Weihua; Zhang, Riquan; Liu, Jicai; Hu, Hongchang - In: Statistics & Probability Letters 97 (2015) C, pp. 132-141

A novel and robust method is proposed by combining the idea of the modal regression estimation (Yao et al., 2012) and spline based shrinkage estimation method (Lian, 2012). The newly proposed method can simultaneously estimate and separate constant coefficients from varying coefficients and its...

Persistent link: https://www.econbiz.de/10011189339

Model Uncertainty, the Spirit of Capitalism and Asset Pricing

Wang, Gaowang - Volkswirtschaftliche Fakultät, … - 2014

This paper examines how a preference for robustness affects optimal consumption-portfolio rules as well as the …

Persistent link: https://www.econbiz.de/10011191505

Robustness of network of networks with interdependent and interconnected links

Dong, Gaogao; Du, Ruijin; Tian, Lixin; Liu, Runran - In: Physica A: Statistical Mechanics and its Applications 424 (2015) C, pp. 11-18

Robustness of network of networks (NON) has been studied only for dependency coupling (Gao et al., 2012) and only for … interconnected links is more complicated, and also more close to real-life coupled network systems. Understanding the robustness of … framework to study analytically and numerically the robustness of this system with no-feedback and feedback conditions for the …

Persistent link: https://www.econbiz.de/10011193995