Browsing Department of Economics (ECO) by Title

Title:Fixing the quorum : representation versus abstention Author(s):ZWART, SanneDate:2007Type:Working PaperSeries/Number:EUI ECO; 2007/07Abstract:The majority of the participating voters in referenda does not necessarily reflect the majority of the whole population since voters can abstain. This paper shows that a quorum exists for which the outcome of the referendum ...

Title:Fleshing out the monetary transmission mechanism : output composition and the role of financial frictions Author(s):MEIER, André; MÜLLER, Gernot J.Date:2006Citation:Journal of Money Credit and Banking, 2006, Vol. 38, No. 8, pp. 2099-2133Version:The article is a revised version of a chapter 2 of the author's EUI PhD thesis, 2005Type:ArticleAbstract:Financial frictions affect the way in which different macroeconomic series respond to a monetary policy shock. We embed the financial accelerator of Bernanke, Gertler, and Gilchrist (1999) into a medium-scale DSGE model ...

Title:Flexible Contracts Author(s):GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, PaoloDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/34Abstract:This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by ...

Title:Flexible Contracts Author(s):GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, PaoloDate:2011-01-01Type:Working PaperSeries/Number:EUI ECO; 2011/26Abstract:This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. The main focus of the paper lies in the analysis of the costs of ...

Title:A Flexible Demand System and VAT Simulations from Spanish Microdata Author(s):LABEAGA, Jose Maria; LOPEZ, AngelDate:1993Type:Working PaperSeries/Number:EUI ECO; 1993/10

Title:Floats, pegs and the transmission of fiscal policy Author(s):CORSETTI, Giancarlo; KUESTER, Keith; MÜLLER, Gernot J.Date:2011Citation:Philadelphia : Federal Reserve Bank of Philadelphia, 2011Type:Working PaperSeries/Number:FRB Working Paper; 2011/09Abstract:According to conventional wisdom, fiscal policy is more effective under a fixed than under a flexible exchange rate regime. In this paper the authors reconsider the transmission of shocks to government spending across these ...

Title:Floats, pegs and the transmission of fiscal policy Author(s):CORSETTI, Giancarlo; KUESTER, Keith; MÜLLER, Gernot J.Date:2011Citation:London : Centre for Economic Policy Research (CEPR), 2011Type:Working PaperSeries/Number:CEPR Discussion Paper; 2011/8180Abstract:According to conventional wisdom, fiscal policy is more effective under a fixed than under a flexible exchange rate regime. In this paper we reconsider the transmission of shocks to government spending across these regimes ...

Title:Flows to and from Insured Unemployment in Hungary Author(s):MICKLEWRIGHT, John; NAGY, GyulaDate:1994Type:Working PaperSeries/Number:EUI ECO; 1994/41

Title:A Follow-Up Survey of Unemployment Insurance Exhausters in Hungary Author(s):MICKLEWRIGHT, John; NAGY, GyulaDate:1996Type:Working PaperSeries/Number:EUI ECO; 1996/08

Title:For an olive wreath? : Olympic Games and anticipation effects in macroeconomic Author(s):BRÜCKNER, Markus; PAPPA, EviDate:2011Type:Working PaperSeries/Number:CEPR Discussion Paper; 2011/8516Abstract:The hosting and bidding for the Olympic Games is a natural experiment to test for anticipation effects in macroeconomics. We examine these effects using panel data for 184 countries during the period 1950-2006. We find ...

Title:For One More Year with You: Changes in Compulsory Schooling, Education and the Distribution of Wages in Europe Author(s):FORT, Margherita; BRUNELLO, Giorgio; WEBER, GuglielmoDate:2007Citation:IZA Discussion Paper, 2007, 3102Type:Working PaperSeries/Number:3102Abstract:Using data from 12 European countries and the variation across countries and over time in the changes of minimum school leaving age, we study the effects of the quantity of education on the distribution of earnings. We ...

Title:"For One More Year with You": Changes in Compulsory Schooling, Education and the Distribution of Wages in Europe Author(s):BRUNELLO, Giorgio; FORT, Margherita; WEBER, GuglielmoDate:2008Type:Working PaperSeries/Number:EUI MWP; 2008/01Abstract:Using data from 12 European countries and the variation across countries and over time in the changes of minimum school leaving age, we study the effects of the quantity of education on the distribution of earnings. We ...

Title:Forecast accuracy after pretesting with an application to the stock market Author(s):MAGNUS, Jan R.; DANILOV, DmitryDate:2004Citation:Journal of Forecasting, 2004, 23, 4, 251-274Type:Article

Title:Forecasting Aggregated Time Series Variables: A Survey Author(s):LUETKEPOHL, HelmutDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/17Abstract:Aggregated times series variables can be forecasted in different ways. For example, they may be forecasted on the basis of the aggregate series or forecasts of disaggregated variables may be obtained first and then these ...

Title:Forecasting Annual Inflation with Seasonal Monthly Data: Using Levels versus Logs of the Underlying Price Index Author(s):LUETKEPOHL, Helmut; XU, FangDate:2009Type:Working PaperSeries/Number:EUI MWP; 2009/37Abstract:This paper investigates whether using natural logarithms (logs) of price indices for forecasting inflation rates is preferable to employing the original series. Univariate forecasts for annual inflation rates for a number ...

Title:Forecasting Cointegrated VARMA Processes Author(s):LUETKEPOHL, HelmutDate:2002Citation:Michael P. CLEMENTS and David F. HENDRY (eds), A Companion to Economic Forecasting, Oxford, Blackwell, 2002, 179-205, Blackwell Companions to Contemporary Economics, 2.Type:Contribution to book

Title:Forecasting Contemporaneous Aggregates with Stochastic Aggregation Weights Author(s):BRUEGGEMANN, Ralf; LUETKEPOHL, HelmutDate:2011Type:Working PaperSeries/Number:EUI ECO; 2011/17Abstract:Many contemporaneously aggregated variables have stochasticaggregation weights. We compare different forecasts for such variables including univariate forecasts of the aggregate, a multivariate forecast of the aggregate ...

Title:Forecasting Emerging Market Indicators: Brazil and Russia Author(s):BYSTROV, VictorDate:2006Type:Working PaperSeries/Number:EUI ECO; 2006/12

Title:Forecasting Euro Area Variables with German Pre-EMU Data Author(s):BRUEGGEMANN, Ralf; LUETKEPOHL, Helmut; MARCELLINO, MassimilianoDate:2008Citation:Journal of Forecasting, 2008, 27, 6, 465-481.Type:Article

Title:Forecasting Euro-Area Variables with German Pre-EMU Data Author(s):BRUEGGEMANN, Ralf; LUETKEPOHL, Helmut; MARCELLINO, MassimilianoDate:2006Type:Working PaperSeries/Number:EUI ECO; 2006/30Abstract:It is investigated whether Euro-area variables can be forecast better based on synthetic time series for the pre-Euro period or by using just data from Germany for the pre-Euro period. Our forecast comparison is based ...