Search Results - subject:"Functional forms"

Post-Laspeyres; The Case for a New Formula for Compiling Consumer Price Indexes

Armknecht, Paul A.; Silver, Mick - International Monetary Fund (IMF) - 2012

Consumer price indexes (CPIs) are compiled at the higher (weighted) level using Laspeyres-type arithmetic averages. This paper questions the suitability of such formulas and considers two counterpart alternatives that use geometric averaging, the Geometric Young and the (price-updated) Geometric...

Persistent link: https://www.econbiz.de/10011242235

Imposing Curvature Conditions on Flexible Functional Forms for GNP Functions

Nana, Guy Chapda; Larue, Bruno - Centre de recherche en économie de l'environnement, de … - 2012

factor endowments on flexible functional forms for the GNP function. Using macroeconomic data for Switzerland, we estimate … accuracy of the aforementioned flexible functional forms. Our result show that concavity in factor endowments is violated much …, we found that the size and sign of elasticities vary across functional forms. In-sample forecasting analysis demonstrates …

Persistent link: https://www.econbiz.de/10010776438

How Much of Observed Economic Mobility is Measurement Error? IV Methods to Reduce Measurement Error Bias, with an Application to Vietnam

Glewwe, Paul - In: The World Bank Economic Review 26 (2012) 2, pp. 236-264

Research on economic growth and inequality inevitably raises issues concerning economic mobility because the relationship between long-run inequality and short-run inequality is mediated by income mobility; for a given level of short-run inequality, greater mobility implies lower long-run...

Persistent link: https://www.econbiz.de/10015360648

Choosing a functional form for an international benefit transfer : evidence from a nine-country valuation experiment

Czajkowski, Mikołaj; Ahtiainen, Heini; Artell, Janne; … - In: Ecological economics : the transdisciplinary journal of … 134 (2017), pp. 104-113

Persistent link: https://www.econbiz.de/10011785460

Global Poverty Estimates; A Sensitivity Analysis

Minoiu, Camelia; Dhongde, Shatakshee - International Monetary Fund (IMF) - 2011

Current estimates of global poverty vary substantially across studies. In this paper we undertake a novel sensitivity analysis to highlight the importance of methodological choices in estimating global poverty. We measure global poverty using different data sources, parametric and nonparametric...

Persistent link: https://www.econbiz.de/10009369432

Overborrowing, Financial Crises and â€˜Macro-Prudentialâ€™ Policy?

Mendoza, Enrique G.; Bianchi, Javier - International Monetary Fund (IMF) - 2011

This paper studies overborrowing, financial crises and macro-prudential policy in an equilibrium model of business cycles and asset prices with collateral constraints. Agents in a decentralized competitive equilibrium do not internalize the negative effects of asset fire-sales on the value of...

Persistent link: https://www.econbiz.de/10008839333

Exploration of the Brazilian Term Structure in a Hidden Markov Framework

Munclinger, Richard - International Monetary Fund (IMF) - 2011

We apply a hidden Markov model of the term structure to modeling the Brazilian swap rate curve. We examine the model's characteristics and its performance in describing the cross-sectional and time-series dynamics of the term structure. Two regimes are identified, a high level and a high...

Persistent link: https://www.econbiz.de/10008839349

Search Frictions and the Labor Wedge

Tasci, Murat; Pescatori, Andrea - International Monetary Fund (IMF) - 2011

This paper shows that labor market search frictions do not explain fluctuations in the labor wedge per se. However, the introduction of extensive and intensive margin clarifies that measuring the MRS in terms of total hours artificially introduces procyclicality in the MRS. When the MRS is...

Persistent link: https://www.econbiz.de/10009147322

Identifying Fiscal Policy Transmission in Stochastic Debt Forecasts

Kawakami, Kei; Romeu, Rafael - International Monetary Fund (IMF) - 2011

A stochastic debt forecasting framework is presented where projected debt distributions reflect both the joint realization of the fiscal policy reaction to contemporaneous stochastic macroeconomic projections, and also the second-round effects of fiscal policy on macroeconomic projections. The...

Persistent link: https://www.econbiz.de/10009019604

Imposing and testing for shape restrictions in flexible parametric models

Wolff, Hendrik - In: Econometric reviews 35 (2016) 5/7, pp. 1013-1039

Persistent link: https://www.econbiz.de/10011590995