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The New Keynesian Model and the Long-Run Vertical Phillips Curve: Does It Hold for Germany?

Gottschalk, Jan; Fritsche, Ulrich - 2005

contradicts the natural rate hypothesis, introduce a version of the New Keynesian model which allows for some hysteresis and …

Persistent link: https://www.econbiz.de/10010260877

Multicointegration in US consumption data

Siliverstovs, Boriss - 2003

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure and real per capita disposable personal income in the USA. In doing so, we exploit the fact that the flows of disposable income and consumption expenditure on the one hand, and...

Persistent link: https://www.econbiz.de/10010260704

Development under Regulation: The Way of the Ukrainian Insurance Market

Badunenko, Oleg; Grechaniuk, Bogdana; Talavera, Oleksandr - 2006

This study is intended to assess the introduction of increased capitalization requirements for Ukrainian insurance firms. To do so, we employ up-to-date frontier efficiency analysis The analysis suggests that an increase in size occurs not only because of the regulator?s requirements, but also...

Persistent link: https://www.econbiz.de/10010274032

Comparison of methods for constructing joint confidence bands for impulse response functions

Lütkepohl, Helmut; Staszewska-Bystrova, Anna; Winker, Peter - 2013

In vector autoregressive analysis confidence intervals for individual impulse responses are typically reported to indicate the sampling uncertainty in the estimation results. A range of methods are reviewed and a new proposal is made for constructing joint confidence bands, given a prespecified...

Persistent link: https://www.econbiz.de/10010293964

Reducing confidence bands for simulated impulse responses

Lütkepohl, Helmut - 2012

as Bayesian or bootstrap methods are used. The confidence intervals heavily depend on which variable is used for fixing …

Persistent link: https://www.econbiz.de/10010287257

Hysteresis and Persistence in the Course of Unemployment: The EU and US Experience

Dreger, Christian; Reimers, Hans-Eggert - 2006

We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … components are stationary in the US. If hysteresis behaviour is also relevant here, it is more likely to arise in the common …

Persistent link: https://www.econbiz.de/10010260946

Does the nominal exchange rate regime affect the real interest parity condition?

Dreger, Christian - 2008

The real interest partity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...

Persistent link: https://www.econbiz.de/10010291771

Persistence and cycles in the US federal funds rate

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2012

This paper uses long-range dependence techniques to analyse two important features of the US Federal Funds effective rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 until 2010. Two models are considered. One is based on an...

Persistent link: https://www.econbiz.de/10010289805

The economics of replication

Mueller-Langer, Frank; Fecher, Benedikt; Harhoff, Dietmar; … - 2017

Replication studies are considered a hallmark of good scientific practice. Yet they are treated among researchers as an ideal to be professed but not practiced. To provide incentives and favorable boundary conditions for replication practice, the main stakeholders need to be aware of what drives...

Persistent link: https://www.econbiz.de/10011595953

The Data Quality Concept of Accuracy in the Context of Public Use Data Sets

Kuchler, Carsten; Spiess, Martin - 2006

Like other data quality dimensions, the concept of accuracy is often adopted to characterise a particular data set. However, its common specification basically refers to statistical properties of estimators, which can hardly be proved by means of a single survey at hand. This ambiguity can be...

Persistent link: https://www.econbiz.de/10010260958