Title:Essays on Time-Consistent Fiscal Policy
Author(s):PEREIRA, JoanaDate:2009Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This thesis consists of an analysis of different aspects of optimal fiscal policy in dynamic economies, with a special emphasis on the consequences of dropping the assumption of full commitment to future policies: the Third ...
Title:Essays on wage inequality from a macroeconomic perspective
Author(s):FORSTNER, SusanneDate:2013Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This thesis contains two chapters on the sources of residual wage inequality. The first chapter contributes to attempts to explain the increase in wage inequality in the U.S. labor market over the past few decades. I address ...
Title:Estimating Dynamic Contracts: Risk Sharing in Village Economies
Author(s):LACZÓ, SaroltaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper studies the role of preference and income risk heterogeneity when risk sharing is partial due to limited commitment. I estimate the dynamic contract determining self-enforcing insurance transfers in a structural ...
Title:Estimation and Testing of Arfima Models in the Real Exchange Rate
Author(s):GIL-ALANA, Luis A.; TORO, JuanDate:2002Type of Publication:ArticleAbstract:The Purchasing Power Parity (PPP) hypothesis is one of the most important theoretical relationships in international economics. However, its empirical support remains controversial. We propose an alternative way of modelling ...
Title:Estimation Methods Comparison of SVAR Model with the Mixture of Two Normal Distributions – Monte Carlo Analysis
Author(s):MACIEJOWSKA, KatarzynaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper addresses the issue of obtaining maximum likelihood estimates of parameters for structural VAR models with a mixture of distributions. Hence the problem does not have a closed form solution, numerical optimization ...
Title:Estimation, Prediction, and Interpolation For Nonstationary Series with the Kalman Filter
Author(s):GOMEZ, Victor; MARAVALL, AgustinDate:1994Type of Publication:ArticleAbstract:We show how our definition of the likelihood of an autoregressive integrated moving average (ARIMA) model with missing observations, alternative to that of Kohn and Ansley and based on the usual assumptions made in estimation ...
Title:Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application
Author(s):COOPER, Russell; HALTIWANGER, John; WILLIS, Jonathan L.Date:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies capital adjustment at the establishment level. Our goal is to characterize capital adjustment costs, which are important for understanding both the dynamics of aggregate investment and the impact of ...