Title:Lessons from the Microsoft case
Author(s):SCHMALENSEE, RichardDate:2002Type of Publication:OtherSeries/Report no.:European Investment Bank Lectures (EIB) Lecture Series
Title:Liberalizing the Intra-Ec Long-Distance Market - Promoting Competition in Basic Telephone Services
Author(s):STEHMANN, OliverDate:1991Type of Publication:ArticleAbstract:The road towards competition in telecommunications services has been quite different in the USA and the European Community. The former has pursued a policy of network fragmentation and network competition. In contrast, ...
Title:Life in the Eurozone With or Without Sovereign Default?
Author(s):ALLEN, Franklin; CARLETTI, Elena; CORSETTI, GiancarloDate:2011Type of Publication:BookAbstract:The European University Institute and the Wharton Financial Institutions Center held a conference in Florence, Italy in April 2011 that brought together leading economists, lawyers, historians and policy makers to discuss ...
Title:Likelihood Analysis of Seasonal Cointegration
Author(s):JOHANSEN, Soren; SCHAUMBURG, ErnstDate:1999Type of Publication:ArticleAbstract:The error correction model for seasonal cointegration is analyzed. Conditions are found under which the process is integrated of order I and cointegrated at seasonal frequency, and a representation theorem is given. The ...
Title:Likelihood Analysis of the I(2) Model
Author(s):JOHANSEN, SorenDate:1997Type of Publication:ArticleAbstract:The I(2) model is defined as a submodel of the general vector autoregressive model, by two reduced rank conditions. The model describes stochastic processes with stationary second difference. A parametrization is suggested ...
Title:A Linear Benchmark for Forecasting GDP Growth and Inflation?
Author(s):MARCELLINO, MassimilianoDate:2008-01-01Type of Publication:ArticleAbstract:Predicting the future evolution of GDP growth and inflation is a central concern in economics. Forecasts are typically produced either from economic theory-based models or from simple linear time series models. While a ...
Title:Liquidity and Crises
Author(s):ALLEN, Franklin; CARLETTI, Elena; KRAHNEN, Jan Pieter; TYRELL, MarcelDate:2011Type of Publication:BookAbstract:Financial crises have been pervasive for many years. Their frequency in recent decades has been double that of the Bretton Woods Period (1945-1971) and the Gold Standard Era (1880-1993), comparable only to the period during ...
Title:Liquidity Runs with Endogenous Information Acquisition
Author(s):ZWART, SanneDate:2008Type of Publication:ArticleAbstract:This paper analyzes a liquidity run model in which investors strategically acquire private information. The availability of information can eliminate the multiplicity typical for models without private information. Even ...
Title:Long Term Persistence
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were ...