Showing 366,911 - 366,920 of 367,233
Efficiency wages theories argue that the threat of firing, coupled with a high unemployment rate, is a mechanism that …
Persistent link: https://www.econbiz.de/10010291547
This paper uses long-range dependence techniques to analyse two important features of the US Federal Funds effective rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 until 2010. Two models are considered. One is based on an...
Persistent link: https://www.econbiz.de/10010291553
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...
Persistent link: https://www.econbiz.de/10010291564
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to its own characteristics and to the frequencies of...
Persistent link: https://www.econbiz.de/10010291565
Many economic decisions implicitly or explicitly rely on a projection of the medium- or long-term economic development of a country or region. In this paper, we provide a federal long-run projection model for Germany and the German states. The model features a top-down approach and, as major...
Persistent link: https://www.econbiz.de/10010291569
Persistent link: https://www.econbiz.de/10004551719
quantitative models on the PD estimation and, therefore, on capital requirements. When following the DA, logit or probit approach … functional form. The conversion procedure consists of the estimation of PDs for the observa- tions of the training set with a … estimation of PDs for the companies of the training set. This is done using standard smoothing techniques to preliminary evaluate …
Persistent link: https://www.econbiz.de/10004899821
Persistent link: https://www.econbiz.de/10004901461
Persistent link: https://www.econbiz.de/10004603557
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