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Real Options Effects on Employment : Does Exchange Rate Uncertainty Matter for Aggregation?

Göcke, Matthias; Belke, Ansgar - 2004

exchange rate uncertainty. Based on this micro foundation an aggregation approach is presented. Under uncertainty, intervals of … where the aggregation of microeconomic real options effects under uncertainty are relevant, they may even be of a more …

Persistent link: https://www.econbiz.de/10010261879

Forecasting Euro area real GDP: optimal pooling of information

Hülsewig, Oliver; Mayr, Johannes; Wollmershäuser, Timo - 2008

This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...

Persistent link: https://www.econbiz.de/10010264416

Individual versus Aggregate Income Elasticities for Heterogeneous Populations

Paluch, Michal; Kneip, Alois; Hildenbrand, Werner - 2007

This paper deals with different concepts of income elasticities of demand for a heterogenous population and the relationship between individual and aggregate elasticities is analyzed. In general, the aggregate elasticity is not equal to the mean of individual elasticities. The difference depends...

Persistent link: https://www.econbiz.de/10010264907

Problems of using grouped DMUs for efficiency measurement: Monte Carlo experiments, empirical dimension, and a correction procedure

Brümmer, Bernhard; Thiele, Holger D. - 1999

This paper explores the consequences for parametric and non-parametric efficiency levels and rankings when using grouped instead of individual Decision Making Units (DMU). The bias results due to the differences of the grouped DMUs frontier compared to the individual DMUs frontier. Monte Carlo...

Persistent link: https://www.econbiz.de/10010297112

Implicit Microfoundations for Macroeconomics

Wright, Ian - 2008

A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach assumes this property of micro-level interactions more strongly conditions macro-level outcomes compared to the precise details of individual choice...

Persistent link: https://www.econbiz.de/10010298577

Implicit Microfoundations for Macroeconomics

Wright, Ian - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-19, pp. 1-27

A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared to the precise details of individual choice...

Persistent link: https://www.econbiz.de/10010298637

Anmerkungen zur Aggregation von Intelligenzquotienten

Frahm, Gabriel; Mittring, Gert - 2007

der vorliegenden Arbeit wird eine Methode entwickelt, die eine konsistente Aggregation unterschiedlicher …

Persistent link: https://www.econbiz.de/10010304424

Aggregation and the PPP puzzle in a sticky-price model

Carvalho, Carlos; Nechio, Fernanda - 2008

approaches found in the empirical literature on aggregation and the real exchange rate. In particular, we reconcile the …

Persistent link: https://www.econbiz.de/10010283517

Das Aggregationsproblem bei der Erstellung von Rankings. Einige Anmerkungen am Beispiel der Formel 1 Weltmeisterschaft 1998 / The Problem of Aggregation Arising in the Process of B...

Kladroba, Andreas - In: Jahrbücher für Nationalökonomie und Statistik 220 (2000) 3, pp. 302-314

besonderes Problem (vor allem wegen seiner zentralen Bedeutung) stellt dabei offensichtlich die Aggregation von Einzelrankings zu … the popularity of rankings there are obvious problems with statistical methods. Especially the aggregation of single … rankings to a common ranking seems to be problematic. Aggregation to a common ranking is as difficult as finding a common …

Persistent link: https://www.econbiz.de/10014608768

Preisindizes mit konstanten Wertgewichten. Bemerkungen zu einem Vorschlag von Werner Neubauer / Two Price Index Formulas Proposed by W. Neubauer

Lippe, Peter von der - In: Jahrbücher für Nationalökonomie und Statistik 220 (2000) 6, pp. 742-758

Zusammenfassung Zwei von Neubauer ins Gespräch gebrachte Preisindexformeln werden hinsichtlich ihrer Interpretation und Eigenschaften untersucht. Die Formeln sind leider wenig bekannt und wohl auch selten im Detail untersucht worden. Das ist umso bedauerlicher als sie einige sehr vorteilhafte...

Persistent link: https://www.econbiz.de/10014608805