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Household Risk Management and Actual Mortgage Choice in the Euro Area

Ehrmann, Michael - 2014

-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for …

Persistent link: https://www.econbiz.de/10013060536

Is the New Keynesian IS curve structural?

Stracca, Livio - 2010

There is already a small literature emphasising the empirical failure of the New Keynesian IS curve, but it is not yet known if this failure reflects empirical problems associated with small samples or is rather a structural weakness of the underlying model. To address this question, in this...

Persistent link: https://www.econbiz.de/10011605282

Is the New Keynesian IS Curve Structural?

Stracca, Livio - 2021

Persistent link: https://www.econbiz.de/10013316177

VAR for VaR : Measuring Tail Dependence Using Multivariate Regression Quantiles

White, Jr., Halbert L. - 2015

This paper proposes methods for estimation and inference in multivariate, multi-quantile models. The theory can simultaneously accommodate models with multiple random variables, multiple confidence levels, and multiple lags of the associated quantiles. The proposed framework can be conveniently...

Persistent link: https://www.econbiz.de/10013020592

Estimation of Linear Dynamic Panel Data Models with Time-Invariant Regressors

Kripfganz, Sebastian - 2015

We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version of the Hausman-Taylor model. We first estimate the coefficients of the time-varying regressors and subsequently regress the first-stage residuals on the time-invariant regressors...

Persistent link: https://www.econbiz.de/10013016951

Selecting Models with Judgment

Manganelli, Simone - 2021

A statistical decision rule incorporating judgment does not perform worse than a judgmental decision with a given probability. Under model misspecification, this probability is unknown. The best model is the least misspecified, as it is the one whose probability of underperforming the judgmental...

Persistent link: https://www.econbiz.de/10013315396

Consumers' payment preferences and banking digitalisation in the euro area

Meyer, Justus; Teppa, Federica - 2024

This paper contributes to understanding consumers' retail payment preferences and digitalisation in personal finances. We focus on the acceptance of cashless payments in everyday situations and the use of mobile banking apps in the euro area, where the payment services market has changed...

Persistent link: https://www.econbiz.de/10014543664

Debt overhang and deleveraging in the US household sector: gauging the impact on consumption

Albuquerque, Bruno; Krustev, Georgi - 2015

Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consumption since 2007 in the aftermath of the housing bubble. By separating the concepts of deleveraging and debt overhang - a flow...

Persistent link: https://www.econbiz.de/10011605888

Debt Overhang and Deleveraging in the US Household Sector : Gauging the Impact on Consumption

Albuquerque, Bruno - 2015

Persistent link: https://www.econbiz.de/10013016939

Back to square one: identification issues in DSGE models

Canova, Fabio; Sala, Luca - 2006

observational equivalence, partial and weak identification problems are widespread, that they lead to biased estimates, unreliable t … identification and study how small samples interact with parameters and shock identification. We provide diagnostics and tests to … detect identification failures and apply them to a state-of-the-art model. …

Persistent link: https://www.econbiz.de/10011604629