Traditionally One Decomposes Economic Time Series Exhibiting Seasonality in a Cyclical Component, a Seasonal Component and Possibly Other Components. the Fundamental Assumptions Almost Exclusively Made About This Decomposition Is That (1) the Components Are Mutually Orthogonal and (2) the...

Conditional heteroskedasticity is an important feature of many macroeconomic and financial time series. Standard residual-based bootstrap procedures for dynamic regression models treat the regression error as i.i.d. These procedures are invalid in the presence of conditional heteroskedasticity....

According to Some Scholars Who Wrote on Risk-Taking, the Question Why Are There Multiple Prizes in Lottery Games Seems to Be - Quotes Milton Friedman - "One of the Chief Intellectual Issues Open in This Area". Elying on Brenner's (1983, 1985, 1987) Model, a Straightforward Explanation Can Be...

This Paper Show Monetary Policy Rules That Partially Accommodate Price Increases Can Worsen Both Price and Output Variability, Contrary to the Conventional Wisdom of Models with Staggered Contracts and Rational Expectations. This Phenomenon Is of Particular Interest Given Evidence From a Sample...

We Compare Values of Time Obtained with Linear Utility Functions Used in Logit and Hierarchical Logit Specifications of a 9-Mode Passenger Choice Model Estimated with Disaggregate Data From Santiago, Chile, and Find That They Are Sensitive to the Specification Used, Unconvincingly High, and...

En Presence de Selection Adverse les Assures Ne Sont Pas Incites a Reveler les Vrais Risques Qu'ils Representent et Il Est Couteux Pour les Assureurs D'observer Ces Risques. Dans Ce Texte, Nous Presentons Deux Strategies Dans Lesquelles L'assureur Utilise L'information Associee a L'experience...

We Use Survey Data on the Well-Being of Individuals to Measure Attitude Toward Risk. Risk Neutrality Cannot Be Rejected by the Data.

Le But de Cet Article Est Triple: Je Demontre D'abord Qu'harris (1983) N'a Pas Reussi a Specifier Adequatement un Modele Theorique Qui Pourrait Expliquer le Taux de Profit, Car Son Approche N'est Qu'a Demi Justifiee Puisqu'elle S'applique Uniquement a L'un des Deux Principaux Facteurs de...