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evidence in favor of the ones that allow for the possibility that the economy has experienced recurrent breaks. The recession … indicate the importance of considering recurrent breaks for monitoring business cycles. …
Persistent link: https://www.econbiz.de/10005014744
This paper investigates the sustainability of fiscal policy in a set of 19 countries by taking a longer-run secular perspective over the period 1880-2009. Via a systematic analysis of the stationarity properties of the first-differenced level of government debt, and disentangling the components...
Persistent link: https://www.econbiz.de/10009322926
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free-lancers (who can take breaks at their discretion) and regular workers (who work on a fixed schedule). …
Persistent link: https://www.econbiz.de/10009386340
To study the extra-eurozone exports of goods by France and Germany, this study applies cointegration methods to estimate long-run equations for the period 1971–2010 (quarterly data), as well as for a shorter period known as the “euro period.†Various measures of the real...
Persistent link: https://www.econbiz.de/10009643087
data. In particular, the consequences of inflation having discrete breaks in mean have not been studied adequately. We show … by means of simulations and a detailed empirical example based on United States data that not taking account of breaks … may lead to biased, and therefore spurious, estimates of Phillips curves. We suggest a method to account for the breaks in …
Persistent link: https://www.econbiz.de/10009643907
When a model under-specifies the data generation process, model selection can improve over estimating a prior specification, especially if location shifts occur. Impulse-indicator saturation (IIS) can ‘correct’ non-constant intercepts induced by location shifts in omitted variables, which...
Persistent link: https://www.econbiz.de/10010730127
common topic in sports scheduling, to deal with the conflicting constraints of breaks and separation. In practice, usually a … small number of breaks and a large separation are desirable, but typical methods of scheduling DRRTs cannot obtain both a … minimum number of breaks and a positive separation. We firstly consider DRRTs by this scheme with a separation of two slots …
Persistent link: https://www.econbiz.de/10010671606
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