Title:Accelerating New Product Development By Overcoming Complexity Constraints
Author(s):VASSILAKIS, SpyrosDate:1997Type of Publication:ArticleAbstract:The economic theory of technological change is a theory of investment. Agents invest in an activity called research; a black box process returns a value for a variable that shifts the production function. This paper proposes ...
Title:Accounting for the Changing Role of Family Income in Determining College Entry
Author(s):WINTER, ChristophDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Assessing the importance of borrowing constraints for college entry is key for education
policy analysis in the U.S. economy. I present a computable dynamic general
equilibrium model with overlapping generations and ...
Title:Acquisition of Information and Share Prices: An Empirical Investigation of Cognitive Dissonance
Author(s):ARGENTESI, Elena; LUETKEPOHL, Helmut; MOTTA, MassimoDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper deals with the determinants of agents’ acquisition of information.
Our econometric evidence shows that the general index of Italian
share-prices and the series of Italy’s financial newspaper sales are ...
Title:Acquisition of Information and Share Prices: An Empirical Investigation of Cognitive Dissonance
Author(s):ARGENTESI, Elena; LUETKEPOHL, Helmut; MOTTA, MassimoDate:2010Type of Publication:ArticleAbstract:This paper deals with the determinants of agents' acquisition of information. Our econometric evidence shows that the general index of Italian share-prices and the series of Italy's financial newspaper sales are cointegrated, ...
Title:Actual' Versus 'Virtual' Employment in Europe - Is Spain Different?
Author(s):MARIMON, Ramon; ZILIBOTTI, FabrizioDate:1998Type of Publication:ArticleAbstract:We study the evolution of sectoral employment and labor cost in eleven European countries in the last two decades. Our statistical approach consists in decomposing for country, industry and temporal effects. Virtual economies ...
Title:Adapting the Litterman prior for cointegrated VARs
Author(s):MARKUN, MichalDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The paper presents a novel prior for Bayesian VAR models, characterized by explicit modelling of cointegration that avoids certain unattractive restrictive properties of the priors used previously. The potential of the ...
Title:Adjustment and growth in the European Monetary Union
Author(s):TORRES, Francisco S.; GIAVAZZI, FrancescoDate:1993Type of Publication:BookAbstract:This volume analyzes the European Community's transition to economic and monetary union (EMU) in the light of the agreements reached at Maastricht last year. It derives from a conference held by the CEPR and the Bank of ...
Title:Adjustment Costs in A Two-Capital Growth Model
Author(s):DUCZYNSKI, PetrDate:2002Type of Publication:ArticleAbstract:Numerous empirical studies observe that output growth depends positively on human capital and negatively on output. This paper demonstrates that an open-economy neoclassical growth model with large adjustment costs for ...
Title:The African Financial Development Gap
Author(s):ALLEN, Franklin; CARLETTI, Elena; CULL, Robert; QIAN, Jun 'QJ'; SENBET, LemmaDate:2010-10-01Type of Publication:Working PaperSeries/Report no.:Wharton Financial Institutions CenterAbstract:Economic growth in Africa has long been disappointing. We document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We ...
Title:The African Financial Development Gap
Author(s):ALLEN, Franklin; CARLETTI, Elena; CULL, Robert; QIAN, Jun 'QJ'; SENBET, LemmaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Economic growth in Africa has long been disappointing. We document that the financial sectors of most sub-Saharan African countries remain significantly underdeveloped by the standards of other developing countries. We ...
Title:The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence
Author(s):MERTENS, Karel; RAVN, Morten O.Date:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We provide empirical evidence on the effects of tax liability changes in the United States. We make a distinction between “surprise” and “anticipated” tax shocks. Surprise tax cuts give rise to a large boom in the economy. ...