We evaluate the effects of the transition from cohabitation to marriage on household domestic and market work hours using a sample of working couples. For this purpose we use the 21 first waves of the German Socio-Economic Panel (GSEOP). We adapt the estimator introduced by Semykina and...

We evaluate the effects of the transition from cohabitation to marriage on household domestic and market work hours using a sample of working couples. For this purpose we use the 21 first waves of the German Socio-Economic Panel (GSEOP). We adapt the estimator introduced by Semykina and...

We evaluate the effects of the transition from cohabitation to marriage on household domestic and market work hours using a sample of working couples. For this purpose we use the 21 first waves of the German Socio-Economic Panel (GSEOP). We adapt the estimator introduced by Semykina and...

This paper estimates a disequilibrium model of credit supply and demand to evaluate the relative role of these factors in the slowdown of credit flows in the Jordanian economy in the wake of the global financial crisis. The empirical analysis suggests that the credit stagnation is mainly driven...

This paper reviews a number of different techniques for estimating default probabilities from the prices of publicly traded securities. These techniques are useful for assessing credit exposure, systemic risk, and stress testing financial systems. The choice of techniques was guided by their...

The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate co-moves with a transformation of the money demand that can be computed from actual data. The co-movement is of a...

Building on the widely-used double-lognormal approach by Bahra (1997), this paper presents a multi-lognormal approach with restrictions to extract risk-neutral probability density functions (RNPs) for various asset classes. The contributions are twofold: first, on the technical side, the paper...