type="main" xml:id="obes12065-abs-0001" <title type="main">Abstract</title> <p>This article investigates the evidence of time-variation and asymmetry in the persistence of US inflation. We compare the out-of-sample performance of different forecasting models and find that quantile forecasts from an Auto-Regressive (AR) model...</p>

type="main" xml:id="obes12051-abs-0001" <title type="main">Abstract</title> <p>In this article, we investigate the behaviour of a number of methods for estimating the co-integration rank in VAR systems characterized by heteroskedastic innovation processes. In particular, we compare the efficacy of the most widely used...</p>

type="main" xml:id="obes12057-abs-0001" <title type="main">Abstract</title> <p>In this article, we investigate the behaviour of stationarity tests proposed by Müller [Journal of Econometrics (2005) Vol. 128, pp. 195–213] and Harris et al. [Econometric Theory (2007) Vol. 23, pp. 355–363] with uncertainty over the trend...</p>

type="main" xml:id="obes12053-abs-0001" <title type="main">Abstract</title> <p>We suggest to use a factor model based backdating procedure to construct historical Euro-area macroeconomic time series data for the pre-Euro period. We argue that this is a useful alternative to standard contemporaneous aggregation methods. The...</p>

type="main" xml:id="obes12058-abs-0001" <title type="main">Abstract</title> <p>We study repeated water allocation decisions among small scale irrigation users in Tanzania. In a treatment replicating water scarcity conditions, convexities in production make that substantial efficiency gains can be obtained by deviating from...</p>

type="main" xml:id="obes12055-abs-0001" <title type="main">Abstract</title> <p>Helpman, Melitz and Rubinstein [Quarterly Journal of Economics (2008) Vol. 123, pp. 441–487] (HMR) present a rich theoretical model to study the determinants of bilateral trade flows across countries. The model is then empirically implemented...</p>

type="main" xml:id="obes12062-abs-0001" <title type="main">Abstract</title> <p>This article proposes a partially heterogeneous framework for the analysis of panel data with fixed T. In particular, the population of cross-sectional units is grouped into clusters, such that slope parameter homogeneity is maintained only within...</p>

type="main" xml:id="obes12056-abs-0001" <title type="main">Abstract</title> <p>In many empirical problems, the evaluation of treatment effects is complicated by sample selection so that the outcome is only observed for a non-random subpopulation. In the absence of instruments and/or tight parametric assumptions, treatment...</p>

type="main" xml:id="obes12063-abs-0001" <title type="main">Abstract</title> <p>The empirical literature on the determinants of charities’ donation income, distinguishing the charitable cause, is small. We consider the case of development charities specifically. Using a panel covering a quarter of a century, we observe a...</p>

type="main" xml:id="obes12061-abs-0001" <title type="main">Abstract</title> <p>We focus on the equilibrium unemployment rate as a parameter implied by a dynamic aggregate model of wage and price setting. The equilibrium unemployment rate depends on institutional labour market institutions through mark-up coefficients....</p>