Title:An Overview of the Crisis: Causes, Consequences and Solutions
Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2009Type of Publication:ArticleAbstract:What caused the crisis? Initially many thought that it was due to incentive problems in the U.S. mortgage industry. However, after the large economic meltdown following Lehman Brothers' bankruptcy in September 2008, it ...
Title:Ownership structures and firm performance
Author(s):SERRANO-VELARD, NicolasDate:2009Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:No abstract available
Title:Parameter Estimation in Nonlinear AR-GARCH Models
Author(s):MEITZ, Mika; SAIKKONEN, PenttiDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper develops an asymptotic estimation theory for nonlinear autoregressive models
with conditionally heteroskedastic errors. We consider a functional coe cient autoregression
of order p (AR(p)) with the conditional ...
Title:A Parametric Estimation Method for Dynamic Factor Models of Large Dimensions
Author(s):KAPETANIOS, George; MARCELLINO, MassimilianoDate:2009-01-01Type of Publication:ArticleAbstract:The estimation of dynamic factor models for large sets of variables has attracted considerable attention recently, because of the increased availability of large data sets. In this article we propose a new parametric ...
Title:Pareto as an Economist
Author(s):KIRMAN, AlanDate:1987Type of Publication:Contribution to book
Title:Pareto Improving Financial Innovation in Incomplete Markets
Author(s):CASS, David; CITANNA, AlessandroDate:1998Type of Publication:ArticleAbstract:In this paper we develop a differential technique for investigating the welfare effects of financial innovation in incomplete markets. Utilizing this technique, and after parametrizing the standard competitive, pure-exchange ...
Title:Partisan Public Investment and Debt: The Case for Fiscal Restrictions
Author(s):BETTSMA, Roel M.W.J.; VAN DER PLOEG, FrederickDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The political distortions in public investment projects are investigated within a bipartisan framework. The role of scrapping and modifying projects of previous governments receives special attention. The ruling party ...
Title:Path Forecast Evaluation
Author(s):JORDÀ, Òscar; MARCELLINO, MassimilianoDate:2010Type of Publication:ArticleAbstract:A path forecast refers to the sequence of forecasts 1 to H periods into the future. A summary of the range of possible paths the predicted variable may follow for a given confidence level requires construction of simultaneous ...
Title:Path Forecast Evaluation
Author(s):JORDÀ, Òscar; MARCELLINO, MassimilianoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A path forecast refers to the sequence of forecasts 1 to H periods into the future. A summary of the range of possible paths the predicted variable may follow for a given confidence level requires construction of simultaneous ...
Title:Peer Effects and Peer Avoidance: Epidemic Diffusion in Coevolving Networks
Author(s):FOSCO, Constanza; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study the long-run-emergency of behavioral patterns in dynamic complex networks. Individuals display two kinds of behavior: G("good") or B ("bad"). We assume that agents have an innate tendency towards G, but can also ...
Title:Peer Effects and Peer Avoidance: The Diffusion of Behavior in Coevolving Networks
Author(s):FOSCO, Constanza; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2010Type of Publication:ArticleAbstract:We study the long-run emergence of behavioral patterns in dynamic complex networks. Individuals can display two kinds of behavior: G(good) or B (bad). We assume that the exposure of a G agent to bad behavior on the part ...
Title:Peer Effects in Free School Meals: Information or stigma?
Author(s):JAMES, JonathanDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper investigates peer effects in the take up of a welfare programme, free school meals, using the Pupil Level Annual School Census (PLASC) which collects data on every child attending school in England. To explore ...
Title:Pension Risk, Retirement Saving and Insurance
Author(s):GUISO, Luigi; JAPPELLI, Tullio; PADULA, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using a representative sample of Italian investors, we estimate the risk associated with
pension benefits by eliciting for each individual the subjective distribution of the
replacement rate as a summary indicator of ...
Title:Pensions and Children
Author(s):CORSETTI, GiancarloDate:2009Type of Publication:Contribution to book
Title:Performance Funding in Federal Agencies: A Case Study of a Federal Job Training Program
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2003Type of Publication:ArticleAbstract:Our case study highlights important details that enter into developing performance contingent budgeting schemesdetails that do not emerge in more general discussions of the subjectand shows how the handling of these ...