Search Results - subject:"decomposition."

Measuring the Effects of Monetary Policy in the Euro Area: The Role of Anticipated Policy

Höppner, Florian; Gottschalk, Jan - 2001

This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane which yields the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated...

Persistent link: https://www.econbiz.de/10010260606

Overtime Work, Overtime Compensation and the Distribution of Economic Well-Being: Evidence for West Germany and Great Britain

Pannenberg, Markus; Wagner, Gert G. - 2001

Using panel data for West Germany and Great Britain, we show that there are striking differences in overtime work and overtime compensation in the two countries in the 1990s. Our estimates reveal that the observed overtime patterns affect both the evolution of the monthly labour earnings...

Persistent link: https://www.econbiz.de/10010262523

Rule-Based Forecasting: Using domain knowledge in time series extrapolation

Armstrong, J. Scott; Adya, Monica; Collopy, Fred - 2001

Rule-Based Forecasting (RBF) is an expert system that uses judgment to develop and apply rules for combining extrapolations. The judgment comes from two sources, forecasting expertise and domain knowledge. Forecasting expertise is based on more than a half century of research. Domain knowledge...

Persistent link: https://www.econbiz.de/10009484509

Measures of Contributions to Price Discovery: A Comparison

de Jong, Frank - 2001

This note clarifies the relation between two competing definitions of the contribution to pricediscovery in market microstructure models: (i) the information share and (ii) the common factorcomponent weight. It is demonstrated that the two measures are closely related, but that only...

Persistent link: https://www.econbiz.de/10010324914

Rank Test Based On Matrix Perturbation Theory

Ratsimalahelo, Zaka - 2001

In this paper, we propose methods of the determination of the rank of matrix. We consider a rank test for an unobserved matrix for which an estimate exists having normal asymptotic distribution of order N1/2 where N is the sample size. The test statistic is based on the smallest estimated...

Persistent link: https://www.econbiz.de/10011496020

Gender pay gap in Poland

Grajek, Michal - 2001

planning and during the period of transition to market economy. The JMP decomposition, which accounts for changes in overall … wage dispersion over time beyond Oaxaca.s standard decomposition, is applied on large set of HBS data and reveals some …

Persistent link: https://www.econbiz.de/10010278048

What Lies Behind the Unprecedented Increase in Income Inequality in Finland During the 1990's

Riihelä, Marja; Sullström, Risto; Tuomala, Matti - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2001

This study uses a decomposition analysis of income inequality by income groups and income sources to understand and …

Persistent link: https://www.econbiz.de/10005545846

Time Series Decomposition and Measurement of Business Cycles, Trends and Growth Cycles

Zarnowitz, Victor; Ozyildirim, Ataman - The Conference Board - 2001

, but the needed time series decomposition presents difficult problems, mainly because trends and cycles influence each …

Persistent link: https://www.econbiz.de/10004968047

Measuring the Effects of Monetary Policy in the Euro Area: The Role of Anticipated Policy

Gottschalk, Jan; Höppner, Florian - University of Bonn, Germany - 2001

This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane yielding the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated monetary...

Persistent link: https://www.econbiz.de/10004968341

Measures of Contributions to Price Discovery: A Comparison

Jong, Frank de - Tinbergen Instituut - 2001

Persistent link: https://www.econbiz.de/10011257344