Similar Search Results

Microsimulation as an instrument to evaluate economic and social programmes

Merz, Joachim - 1993

In recent years microsimulation models (MSMs) have been increasingly applied in quantitative analyses of the individual impacts of economic and social programme policies. The suitability of using microsimulation as an instrument to analyze main and side policy impacts at the individual level...

Persistent link: https://www.econbiz.de/10010290116

Time use research and time use data - actual topics and new frontiers

Merz, Joachim - 2002

This paper is asking about the actual used and appropriate data for recent substantive time use research. Emphasis is laid on both, macroanalytic and microanalytic approaches. However, the focus is on microeconomic approaches with topics on time use in the labour market (labour supply) and...

Persistent link: https://www.econbiz.de/10010290124

Liquidity, term spreads and monetary policy

Aksoy, Yunus; Basso, Henrique S. - 2012

profitability of banks' portfolios affect their ability to cover for any liquidity shortage and hence influence the premium they … liquidity shock leads to a sharp decrease in long-term rates and term spreads. Third, such interventions have significant impact … on long-term investment, decreasing the amplitude of output responses after a liquidity shock. The short-term rate does …

Persistent link: https://www.econbiz.de/10010290138

The impact of commodity price volatility on resource intensive economies

Keay, Ian - 2010

Commodity price volatility is bad for macroeconomic performance. Virtually all empirical studies that document this negative relationship rely on the estimation of aggregate growth equations using cross-section evidence drawn from the post-1970 era. This paper uses a simulation model based on...

Persistent link: https://www.econbiz.de/10010290312

Duty, self-interest, and the chance of casting a pivotal vote

Usher, Dan - 2010

One votes from self-interest or from a sense of duty. Voting from self-interest requires there to be some chance, however small, that one's vote swings the outcome of an election from one political party to another. This paper is a discussion of three models of what that chance might be: the...

Persistent link: https://www.econbiz.de/10010290314

Envy minimization in the optimal tax context

Nishimura, Yukihiro - 2008

This paper examines the second-best tax policy to minimize envy in the sense of Chaudhuri (1986) and Diamantaras and Thomson (1990). An allocation is 'lambda'-equitable if no agent prefers a proportion 'lambda' of any other agent's bundle. We study the allocations that maximize 'lambda' among...

Persistent link: https://www.econbiz.de/10010290320

Pigouvian taxation in a Ramsey world

Boadway, Robin; Tremblay, Jean-Francois - 2008

This paper studies the optimal Pigouvian tax for correcting pollution when the government also uses distortionary taxes to raise revenues. When preferences are quasilinear in leisure and additive, the Pigovian tax can be separated from the Ramsey revenue-raising tax. We characterize the...

Persistent link: https://www.econbiz.de/10010290340

Forecasting exchange rate volatility in the presence of jumps

Busch, Thomas; Christensen, Bent Jesper; Nielsen, … - 2005

We study measures of foreign exchange rate volatility based on high-frequency (5-minute) $/DM exchange rate returns using recent nonparametric statistical techniques to compute realized return volatility and its separate continuous sample path and jump components, and measures based on prices of...

Persistent link: https://www.econbiz.de/10010290348

Likelihood inference for a fractionally cointegrated vector autoregressive model

Johansen, Søren; Nielsen, Morten Ørregaard - 2010

We consider model based inference in a fractionally cointegrated (or cofractional) vector autoregressive model, based on the Gaussian likelihood conditional on initial values. We give conditions on the parameters such that the process X_{t} is fractional of order d and cofractional of order d-b;...

Persistent link: https://www.econbiz.de/10010290356

A practitioner's guide to Bayesian estimation of discrete choice dynamic programming models

Ching, Andrew; Imai, Susumu; Ishihara, Masakazu; Jain, … - 2009

This paper provides a step-by-step guide to estimating discrete choice dynamic programming (DDP) models using the Bayesian Dynamic Programming algorithm developed in Imai, Jain and Ching (2008) (IJC). The IJC method combines the DDP solution algorithm with the Bayesian Markov Chain Monte Carlo...

Persistent link: https://www.econbiz.de/10010290365