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Contagion risk in the Danish Interbank market

Amundsen, Elin; Arnt, Henrik - 2005

This paper uses records of payments in the Danish large value payment system to compute a unique, high-frequency data set on bilateral exposures between banks. The risk of contagion in the Danish interbank market is subsequently analysed using this data set. It is found that the risk of...

Persistent link: https://www.econbiz.de/10010321194

Estimating the cross-sectional distribution of price stickiness from aggregate data

Carvalho, Carlos; Dam, Niels Arne - 2010

We estimate a multi-sector sticky-price model for the U.S. economy in which the degree of price stickiness is allowed to vary across sectors. For this purpose, we use a specification that allows us to extract information about the underlying cross-sectional distribution from aggregate data....

Persistent link: https://www.econbiz.de/10010321241

Nonparametric structural estimation of labor supply in the presence of censoring

Liang, Che-Yuan - 2009

This paper extends the nonparametric method to estimate labor supply developed by Blomquist and Newey (2002) to handle cases in which there are individuals who do not work. The method is then applied to married women in Sweden from 1973 to 1999. For 1999, I find an aggregate uncompensated wage...

Persistent link: https://www.econbiz.de/10010321382

The effect of information on voting behaviour

Nordin, Mattias - 2009

municipalities had all voters been fully informed. The effects are estimated with both parametric and nonparametric estimation …

Persistent link: https://www.econbiz.de/10010321387

For some mothers more than others: How children matter for labour market outcomes when both fertility and female employment are low

Karbownik, Krzysztof; Myck, Michal - 2012

low female employment regime. Family size is instrumented using twinning and gender composition of the first two children …. Among families with at least one child we identify the average causal effect of an additional child on mother's employment … to be -7.1 percentage points. However, we find no effect of additional children on female employment among families with …

Persistent link: https://www.econbiz.de/10010321396

Lifetime versus annual tax progressivity: Sweden, 1968-2009

Bengtsson, Niklas; Holmlund, Bertil; Waldenström, Daniel - 2012

This paper analyzes the evolution of tax progressivity in Sweden from both annual and lifetime perspectives. Using a rich micro panel with administrative records of incomes, taxes and benefits over the period 1968 - 2009, we calculate tax rates across the income distribution accounting for...

Persistent link: https://www.econbiz.de/10010321455

Spatial effect in the efficient access of rural development

Barrios, Erniel B. - 2007

The search for an effective policy direction to contribute to the alleviation of rural poverty requires understanding of various socio-economic dynamics affecting the household. The central issue in the economic dimension is inefficiency in production, which may contribute to the widening income...

Persistent link: https://www.econbiz.de/10010279761

Managing adverse dependence for portfolios of collateral in financial infrastructures

García, Alejandro; Gençay, Ramazan - 2007

We propose a framework that allows a portfolio manager to quantify the probability of simultaneous losses in multiple assets of a collateral portfolio. Using this framework, we propose a methodology to conduct stress tests on the market value of the portfolio of collateral when undesirable...

Persistent link: https://www.econbiz.de/10010280030

An estimate of the number of vegetarians in the world

Leahy, Eimear; Lyons, Seán; Tol, Richard S. J. - 2010

Methane is the second-most important anthropogenic greenhouse gas. Ruminant livestock are a major source of emissions. The expansion of pasture is one of the main drivers of deforestation, one of the larger sources of carbon dioxide emissions. An understanding of dietary choice is needed for...

Persistent link: https://www.econbiz.de/10010280263

Asset poverty in the United States: Its persistence in an expansionary economy

Caner, Asena; Wolff, Edward N. - 2004

Economic growth and a rising stock market in the 1990s gave the impression that everyone was accumulating wealth and asset poverty rates were declining. The impression was supported by the official, income-based poverty measure, which exhibited a sharp decline. According to Senior Scholar Edward...

Persistent link: https://www.econbiz.de/10010280356