Title:Stationary Equilibrium Distributions in Economies with Limited Commitment
Author(s):BROER, TobiasDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Limited commitment to contracts can explain imperfect risk sharing even when individuals have access to complete insurance markets. Past contributions have focused on the resulting cross-sectional distribution of consumption ...
Title:A Statistical Comparison of Alternative Identification Schemes for Monetary Policy Shocks
Author(s):LANNE, Markku; LUETKEPOHL, HelmutDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract. Different identification schemes for monetary policy shocks have
been proposed in the literature. They typically specify just-identifying re-
strictions in a standard structural vector autoregressive (SVAR) ...
Title:Sticky Prices and Volatile Output
Author(s):ELLISON, Martin; SCOTT, A.Date:2000Type of Publication:ArticleAbstract:We examine the effect of introducing a specific type of price stickiness into a stochastic growth model, subject to a cash in advance constraint. As in previous studies, we find the introduction of price rigidities provides ...
Title:Stochastic Linear Trends - Models and Estimators
Author(s):MARAVALL, AgustinDate:1993Type of Publication:ArticleAbstract:The paper considers stochastic linear trends in series with a higher than annual frequency of observation. Using an approach based on ARIMA models, some of the trend models for the model interpretation of trend estimation ...
Title:Stock Prices and Economic Fluctuations: A Markov Switching Structural Vector Autoregressive Analysis
Author(s):LANNE, Markku; LUETKEPOHL, HelmutDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The role of expectations for economic fluctuations has received
considerable attention in recent business cycle analysis. We exploit Markov
regime switching models to identify shocks in cointegrated structural vector ...
Title:Strategic Campaigning with Vote and Turnout Buying: Theory and evidence
Author(s):CASAS, AgustinDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:In this paper, I model the relationship between potential voters and a politician, who can pay citizens to vote for him – vote buying – or to show up to vote – turnout buying. This model is used to explore the optimal ...
Title:Strategic information transmission
Author(s):SCHANZ, Jochen FriedrichDate:2005Type of Publication:ThesisSeries/Report no.:EUI PhD theses
Title:Strategic Mass Killings
Author(s):ESTEBAN, Joan; MORELLI, Massimo; ROHNER, DominicDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Since World War II there have been about fifty episodes of large-scale mass killings of civilians and massive forced displacements. They were usually meticulously planned and independent of military goals. We provide a ...
Title:Strategic Militarization, Deterrence and Wars
Author(s):JACKSON, Matthew O.; MORELLI, MassimoDate:2009Type of Publication:ArticleAbstract:We study countries choosing armament levels and then whether or not to go to war. We show that if the costs of war are not overly high or low, then all equilibria must involve dove, hawk, and deterrent strategies and the ...
Title:Strategic Wage Bargaining, Labor Market Volatility and Persistence
Author(s):HERTWECK, Matthias S.Date:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper modifies the standard Mortensen-Pissarides job matching model in order
to explain the cyclical behavior of vacancies and unemployment. The modifications include
strategic wage bargaining (Hall and Milgrom, ...
Title:Structural holes in social networks
Author(s):GOYAL, Sanjeev; VEGA-REDONDO, FernandoDate:2007Type of Publication:ArticleAbstract:We consider a setting where every pair of players that undertake a transaction (e.g. exchange goods or information) creates a unit surplus. A transaction can take place only if the players involved have a connection. If ...
Title:Structural Vector Autoregressions with Markov Switching
Author(s):LANNE, Markku; LUETKEPOHL, Helmut; MACIEJOWSKA, KatarzynaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract. It is argued that in structural vector autoregressive (SVAR) analysis a Markov regime switching (MS) property can be exploited to identify shocks if the reduced form error covariance matrix varies across regimes. ...