Showing 31 - 40 of 357
Persistent link: https://www.econbiz.de/10010340579
Persistent link: https://www.econbiz.de/10009572422
Persistent link: https://www.econbiz.de/10013262974
Persistent link: https://www.econbiz.de/10010006548
Persistent link: https://www.econbiz.de/10014548335
We develop a stochastic general equilibrium model in which maintenance endogenously affects the capital depreciation rate. The model performs well in generating maintenance series that match closely existing survey-based measures for Canada. Maintenance is procyclical and comoves almost always...
Persistent link: https://www.econbiz.de/10009651005
In the light of the recent financial crisis, we investigate the effects generated by limited asset market participation on optimal monetary and fiscal policy, where monetary and fiscal authority are independent and play strategically. We find that limited asset market participation strongly...
Persistent link: https://www.econbiz.de/10009651006
Let (Xn) be a sequence of integrable real random variables, adapted to a filtration (Gn). Define: Cn = n^(1/2) {1/n SUM(k=1:n) Xk - E(Xn+1 | Gn) } and Dn = n^(1/2){ E(Xn+1 | Gn)-Z } where Z is the a.s. limit of E(Xn+1 | Gn) (assumed to exist). Conditions for (Cn,Dn) -- N(0,U) × N(0,V) stably...
Persistent link: https://www.econbiz.de/10009651007
An urn contains balls of d = 2 colors. At each time n = 1, a ball is drawn and then replaced together with a random number of balls of the same color. Let An =diag (An,1, . . . ,An,d) be the n-th reinforce matrix. Assuming EAn,j = EAn,1 for all n and j, a few CLT’s are available for such urns....
Persistent link: https://www.econbiz.de/10009651008
Persistent link: https://www.econbiz.de/10009651010