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A Functional Coefficient Model View of the Feldstein-Horioka Puzzle

Herwartz, Helmut - 2009

What does the saving-investment (SI) relation really measure and how should the SI relation be measured? These are two of the most discussed issues triggered by the so called Feldstein-Horioka puzzle. Based on panel data we introduce a new variant of functional coefficient models that allows to...

Persistent link: https://www.econbiz.de/10013159487

Time-Series Estimation of Structural Import Demand Equations : A Cross-Country Analysis

Senhadji, Abdelhak - 2006

This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the statistical properties of the different estimators have been derived only asymptotically,...

Persistent link: https://www.econbiz.de/10012782159

Do We Need a Stochastic Trend in Cay Estimation? Yes

Costola, Michele - 2016

expenditure. Findings show the usefulness of including the stochastic trend in cay estimation. Furthermore, out …

Persistent link: https://www.econbiz.de/10012980100

Testing for Money Illusion Hypothesis in Aggregate Consumption Function : Mixed Data Sampling Approach

Motegi, Kaiji - 2015

Testing for the money illusion hypothesis in aggregate consumption function generally involves a regression model that projects real consumption onto nominal disposable income and a consumer price index. Price data are usually available at a monthly level, but consumption and income data are...

Persistent link: https://www.econbiz.de/10013013202

Small Sample Properties of Bayesian Estimators of Labor Income Processes

Nakata, Taisuke - 2014

are estimated, GMM estimators are almost always used. We examine the validity of using likelihood based estimation in this …

Persistent link: https://www.econbiz.de/10013055722

Structural Estimation Combining Micro and Macro Data

Neri, Luca - 2021

structural models used in macroeconomics. The routine involves the estimation of dynamic moments over subgroups of the cross …-sectional dimension of agents. Micro moments differ from each other in the informative content that they carry for point estimation of the … relevant information for the correct estimation of the subjective discount rate. However, data from the cross section are not …

Persistent link: https://www.econbiz.de/10013214497

Non-parametric estimation of marginal propensities to consume : the case of regression splines

Jørgensen, Casper Nordal; Kuchler, Andreas - 2017

I papiret undersøges anvendeligheden af en ikke-parametrisk metode, en såkaldt regression spline, til estimation af …

Persistent link: https://www.econbiz.de/10011696531

Diversification with Idiosyncratic Credit Spreads : A Pooled Estimation on Heterogeneous Panels

LIn, William T.; Sun, David S. - 2010

pooled estimation we conducted proves to be superior in working with individual corporate bond data panels and helps related …

Persistent link: https://www.econbiz.de/10014198732

Consumption and Conditionally Heteroskedastic Income

Wang, Neng - 2011

This paper presents a model for an explicitly-solved optimal consumption in which there is a lower marginal propensity to consume out of "human wealth" than out of financial wealth. I deliver this widely-noted consumption property (Friedman (1957) and Zeldes (1989)) by specifying that the...

Persistent link: https://www.econbiz.de/10014029968

Econometric Estimation of Private Savings in Bolivia, 1970-1995

Sheriff, H.E; Montecinos, A.M - 2000

For many years, Bolivian domestic savings has been very low when compared to similar countries. This paper utilizes an econometric approach from the Hendry methodology in order to find saving determinants to be utilized to design economic policies. In countries like Bolivia, the public sector...

Persistent link: https://www.econbiz.de/10014066128