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We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model … provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model … mortality gradients across socio-economic statuses, (ii) non-monotonic dynamic effects of in-utero shocks, (iii) persistent or …
Persistent link: https://www.econbiz.de/10012518293
A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper...
Persistent link: https://www.econbiz.de/10014403310
interest-rate derivative markets, and their use by governments. Their stabilizing properties imply that, when bond prices fall …
Persistent link: https://www.econbiz.de/10014404000
This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong … contrasted to those from the Pedroni (1995) cointegration tests and fully modified OLS and dynamic OLS esimators of the …
Persistent link: https://www.econbiz.de/10014401245
degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland …
Persistent link: https://www.econbiz.de/10014400174
The paper reviews the historical experience of developing countries with bond issues in international markets in order … to put the recent wave of bond financing by these countries in some perspective. It examines developments in the early … part of this century and during the mid-1970s and early 1980s. The sources and the role played by bond financing during …
Persistent link: https://www.econbiz.de/10014398220
interest rates. While bond yields are not fully efficient?reflecting regulation, liquidity, and segmentation?we find they …: changes in PBC rates influence the structure of Treasury, financial, and corporate bond yield curves, which are then …
Persistent link: https://www.econbiz.de/10014398318
, which is more pronounced for higher maturities and when risk aversion proxied by bond market volatility is high. Going …
Persistent link: https://www.econbiz.de/10012154614
sovereign bonds during 32 crises since 1998, taking into account losses from bond exchanges as well as profits before and after …
Persistent link: https://www.econbiz.de/10012102075
We analyze the long-run impact of emerging-market sovereign bond yields on corporate bond yields, finding that the …
Persistent link: https://www.econbiz.de/10012612337