An effective and easy-to-implement frequency filter is proposed, obtained by convolving a raised-cosine window with the ideal rectangular filter response function. Three other filters, Hodrick–Prescott, Baxter–King, and Christiano–Fitzgerald, are thoroughly reviewed. A bandpass version of...

Population Monte Carlo has been introduced as a sequential importance sampling technique to overcome poor fit of the importance function. The performance of the original Population Monte Carlo algorithm is compared with a modified version that eliminates the influence of the transition particle...

This document is the aggregation of several discussions of Lopes et al. (2010) we submitted tothe proceedings of the Ninth Valencia Meeting, held in Benidorm, Spain, on June 3–8, 2010, inconjunction with Hedibert Lopes’ talk at this meeting. The main point in those discussions is...

One of the reasons for setting up an unemployment insurance scheme is to allow job losers to smooth consumption. However, very little is known to date on the consumption smoothing impact of unemployment benefits. Here, we test for the impact of unemployment benefits on changes in household food...

Cet article examine le point de vue selon lequel les deficits ou l'endettement public ont une forte influence sur la formation des taux d'interet. Inspire des representations en terme d'equilibre du marche des capitaux, lieu theorique ou s'arbitreraient epargne et investissement, son emprise sur...