Showing 1 - 10 of 29
Persistent link: https://www.econbiz.de/10005532721
Persistent link: https://www.econbiz.de/10005430187
We introduce covariate-adjusted regression for situations where both predictors and response in a regression model are not directly observable, but are contaminated with a multiplicative factor that is determined by the value of an unknown function of an observable covariate. We demonstrate how...
Persistent link: https://www.econbiz.de/10005559319
Persistent link: https://www.econbiz.de/10005118191
Persistent link: https://www.econbiz.de/10005238518
Persistent link: https://www.econbiz.de/10005238843
This paper aims to study the quantitative significance of lumpy labor adjustment as a propagation mechanism for business cycles. In the baseline model, I introduce lumpy job turnover in the spirit of Taylor (1980) and Calvo (1983) in a DSGE framework and find that it performs as same as the...
Persistent link: https://www.econbiz.de/10005489972
We introduce continuously additive models, which can be viewed as extensions of additive regression models with vector predictors to the case of infinite-dimensional predictors. This approach produces a class of flexible functional nonlinear regression models, where random predictor curves are...
Persistent link: https://www.econbiz.de/10010969903
Persistent link: https://www.econbiz.de/10010948124
Steinsson (2008) shows that real shocks that affect the New Keynesian Phillips curve explain the behavior of the real exchange rate in a sticky-price business cycle model. This paper reveals that these shocks are important for the volatility of the real exchange rate in the data. In a structural...
Persistent link: https://www.econbiz.de/10010954434