Search Results - subject:"Random errors"

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An Assessment of Estimates of Term Structure Models for the United States

Medeiros, Carlos I.; He, Ying - International Monetary Fund (IMF) - 2011

The paper assesses estimates of term structure models for the United States. To this end, this paper first describes the mathematics underlying two types of term structure models, namely the Nelson-Siegel and Cox, Ingersoll and Ross family of models, and the estimation techniques. It then...

Persistent link: https://www.econbiz.de/10009369442

Vietnam; Bayesian Estimation of Output Gap

Maliszewski, Wojciech - International Monetary Fund (IMF) - 2010

The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is...

Persistent link: https://www.econbiz.de/10008560446

Smooth monotonous functions reconstruction

Smolyak, Smolyak , Sergey - In: Applied Econometrics 18 (2010) 2, pp. 123-139

We consider the problem of smooth monotonous function reconstruction on the basis of it (exact or approached) values in some points We offer a variant of accurate statement of the problem and methods of its exact and approached solution in spreadsheets Examples show that existing methods of...

Persistent link: https://www.econbiz.de/10009018557

Effect of IMF Structural Adjustment Programson Expectations; The Case of Transition Economies

Imam, Patrick A. - International Monetary Fund (IMF) - 2007

We analyze the effect of IMF programs on economic agents' expectations about the economy in transitional countries using survey data from the Central and Eastern Eurobarometer poll, an annual general public survey monitoring the evolution of public opinion from 1990 to 1997. Previous studies, in...

Persistent link: https://www.econbiz.de/10005768769

Debt Maturity, Risk, and Asymmetric Information

Espinosa-Vega, Marco A; Berger, Allen N.; Miller, Nathan H. - International Monetary Fund (IMF) - 2005

We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt maturity choices. We employ data on over 6,000 commercial...

Persistent link: https://www.econbiz.de/10005264071

Explaining Efficiency Differences Among Large German and Austrian Banks

Hauner, David - International Monetary Fund (IMF) - 2004

Cost-efficiency, scale efficiency, and productivity change are estimated by data envelopment analysis; and cost-efficiency is regressed on explanatory variables. No evidence is found for average productivity responding to deregulation over the period studied. State-owned banks are found to be...

Persistent link: https://www.econbiz.de/10005604932

Generalized Rational Random Errors

LaFrance, Jeffrey T. - Department of Agricultural and Resource Economics, … - 2002

Theil's theory of rational random errors is sufficient for strict exogeneity of group expenditure in separable demand … models. Generalized rational random errors is necessary and sufficient for strict exogeneity of group expenditure. A simple …

Persistent link: https://www.econbiz.de/10010537319

The Non-Sampling Error and its Decomposition into the Two Components "Permanent Value" - True Value plus Systematic Error - and "Random Error" - Estimation by Means of the Variate...

Strecker, Heinrich - In: Journal of Economics and Statistics (Jahrbuecher fuer … 224 (2004) 1-2, pp. 198-230

components, i. e. the systematic and the random errors in the responses (survey data) of the surveyed units and, if feasible, to … determinate their true value. This paper develops an estimation procedure by which the individual random errors included in … responses in three (re-)enumerations. With more than three (re-)enumarations further individual random errors and their average …

Persistent link: https://www.econbiz.de/10008596534

Is Rising Returns to Scale a Figment of Poor Data?

Hansen, Sten; Lindström, Tomas - Konjunkturinstitutet, Government of Sweden - 2004

reflect a mixture of random errors in factor inputs. It turns out, in fact, that a 7.5-10 percent error in labor (hours worked …

Persistent link: https://www.econbiz.de/10005190914

Der Nicht-Stichprobenfehler und seine Zerlegung in die beiden Komponenten „glatter Wert“ – wahrer Wert plus systematischer Fehler- und „Zufallsfehler“ / The Non-Sampling Error and...

Strecker, Heinrich - In: Jahrbücher für Nationalökonomie und Statistik 224 (2004) 1-2, pp. 198-230

error components, i. e. the systematic and the random errors in the responses (survey data) of the surveyed units and, if … feasible, to determinate their true value. This paper develops an estimation procedure by which the individual random errors … of responses in three (re-)enumerations. With more than three (re-)enumarations further individual random errors and …

Persistent link: https://www.econbiz.de/10014609015