Search Results - subject:"Response function"

Technology transfer, policies, and the role of the private sector in the global poultry revolution:

Narrod, Clare A.; Pray, Carl E.; Tiongco, Marites - International Food Policy Research Institute (IFPRI) - 2008

developing countries. This paper uses a supply response function to measure the importance of different types of private …

Persistent link: https://www.econbiz.de/10005038056

Which is the Right Dose of EU Cohesion Policy for Economic Growth?

Mohl, Philipp; Hagen, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

regions for the time period 1995{2005, which leads to the estimation of a dose-response function, as proposed by Hirano and …

Persistent link: https://www.econbiz.de/10005097868

Wage and price dynamics in Portugal

Robalo Marques, Carlos - European Central Bank - 2008

This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized economy with imperfect competition. An impulse response analysis is conducted where the structural shocks are identified by taking into account the long-run properties of the model,...

Persistent link: https://www.econbiz.de/10005530898

Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - School of Economics, UNSW Business School - 2008

, frictional growth, inflation-unemployment tradeoﬀ,inflation dynamics, unemployment dy- namics, impulse response function. JEL … lines, the real GDP impulse response function estimated by Bernanke and Mihov (1998) does not converge to zero (albeit the …+j , (28) where the series R u t+j ,j≥ 0 defines the unemployment impulse response function to the shock. 28 If the …

Persistent link: https://www.econbiz.de/10005125085

Herd behaviour in Malaysian capital market: An empirical analysis

Duasa, Jarita; Kassim, Salina - Volkswirtschaftliche Fakultät, … - 2008

This study examines the existence of herd behavior among foreign investors in the Malaysian capital market. In methodology, the study analyzes the herd behavior by estimating vector error correction (VECM) model of FPI inflows as well as FPI outflows from/to major investors such as the United...

Persistent link: https://www.econbiz.de/10005836076

The Use of Weather Data and Evapotranspiration Requirements to Estimate the Marginal Value Product of Irrigation and the Profit Maximizing Irrigation Level for Corn in the Texas Panhandle

Colette, W. Arden; Almas, Lal K.; Robinson, Clay - Southern Agricultural Economics Association - SAEA - 2008

The declining availability of irrigation water from the Ogallala aquifer combined with increasing energy costs make irrigation strategies much more critical. Maximizing yield reduces profit by between $22 and $158 per acre depending on the combination of corn and natural gas prices.

Persistent link: https://www.econbiz.de/10005807566

The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective

Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2008

: labour market dynamics, frictional growth, chain reaction theory, capital accumulation, impulse response function … response function (IRF) of its univariate representation (11). Unemployment persistence (σ) can be defined as the sum of its … ... R 1T IRF 2 : − R 22 ... R 2T ... −−... ... IRF T : −−... R TT where IRF j denotes the response function to the jth shock …

Persistent link: https://www.econbiz.de/10005763529

Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model

Bachmann, Ruediger; Caballero, Ricardo J.; Engel, Eduardo - Cowles Foundation for Research in Economics, Yale University - 2008

The sensitivity of U.S. aggregate investment to shocks is procyclical: the response upon impact increases by approximately 50% from the trough to the peak of the business cycle. This feature of the data follows naturally from a DSGE model with lumpy microeconomic capital adjustment. Beyond...

Persistent link: https://www.econbiz.de/10005593547

Phillips Curves and unemployment dynamics: a critique and a holistic perspective

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2008

The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation of macroeconomics. While one branch of the literature models inflation dynamics and estimates the unemployment rate compatible with inflation stability, another one determines...

Persistent link: https://www.econbiz.de/10010276432

The rise and fall of Spanish unemployment: a chain reaction theory perspective

Karanassou, Marika; Sala, Héctor - 2008

The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price shocks. While unemployment was extremely persistent in most...

Persistent link: https://www.econbiz.de/10010276462