This paper analyzes the possible presence of Granger causality between debt and growth in 16 OECD countries from 1980 to 2009. This is done considering not only government debt but also non-financial corporate and household debt. The panel bootstrap Granger causality test applied allows us to...

This article predicts the relative performance of hedge fund investment styles using time-varying conditional stochastic dominance tests. These tests allow for the construction of dynamic trading strategies based on nonparametric density forecasts of hedge fund returns. During the recent...

The estimated impact of a technology shock on hours worked using Structural Vector Autoregressions (SVARs) depends to a great extent on whether or not hours worked is considered to be integrated of first order. It is shown in this article that the widely analysed time series of hours worked per...