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Measuring and modeling financial volatility is the key to derivative pricing, asset allocation and risk management.The recent availability of high-frequency data allows for refined methods in this field.In particular, more precise measures for the daily or lower frequency volatility can be...
Persistent link: https://www.econbiz.de/10003727640
We adopt an unobserved components time series model to extract financial cycles for the United States and the five largest euro area countries over the period 1970 to 2014. We find that credit, the credit-to-GDP ratio and house prices have medium-term cycles which share a few common statistical...
Persistent link: https://www.econbiz.de/10012994016
, R&D investments, and productivity across 12 OECD economies and 17 manufacturing and service industries. Much of the … positive relationship between those cognitive skills and the labour productivity in a country-sector combination. The part of … the cross-country cross-sector variation in labour productivity that can be explained by human capital is remarkably large …
Persistent link: https://www.econbiz.de/10011595984
for the smaller samples of sub-groups of the workforce, the general findings are robust to this measurement issue. Thus …
Persistent link: https://www.econbiz.de/10003894826
Two different approaches are used in this article to study productivity per employee: the determinants of its growth … shown to have a positive and significant effect on both growth rates and levels of productivity. This result is consistent … paper, the employment rate and productivity exhibit a significant negative relationship, arising from the concentration of …
Persistent link: https://www.econbiz.de/10014188048
hour and total factor productivity. Using a "flat spot" identification strategy, we separately estimate the price and …
Persistent link: https://www.econbiz.de/10013175437
, R&D investments, and productivity across 12 OECD economies and 17 manufacturing and service industries. Much of the … positive relationship between those cognitive skills and the labour productivity in a country-sector combination. The part of … the cross-country cross-sector variation in labour productivity that can be explained by human capital is remarkably large …
Persistent link: https://www.econbiz.de/10012966051
The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of …
Persistent link: https://www.econbiz.de/10008858830
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10011477079
Two alternative measures of demand adjusted capital input for the U.S. non-farm private business sector are derived and their differential impacts on the potential supply of output are compared to those obtained using the unadjusted index of capital input published by the Congressional Budget...
Persistent link: https://www.econbiz.de/10012869529