Title:DSGE models in macroeconomics : estimation, evaluation, and new development Editor(s):BALKE, Nathan S.; CANOVA, Fabio; MILANI, Fabio; WYNNE, Mark A.Date:2012Citation:
- Bingley : Emerald, 2012, Advances in Econometrics, Vol. 28
Type:BookAbstract:This volume of Advances in Econometrics is devoted to dynamic stochastic general equilibrium (DSGE) models. The editors (of Southern Methodist U., the U. of California, and the Federal Reserve Bank of Dallas in the US; and ...
Title:Is behavioral economics doomed? : The ordinary versus the extraordinary Author(s):LEVINE, David K.Date:2012Citation:
- [Cambridge] : Open Book Publishers, 2012
Type:BookAbstract:It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis ...
Title:The Financial Implications of a Banking Union Author(s):ALLEN, Franklin; CARLETTI, Elena; GIMBER, AndrewDate:2012Citation:
- Thorsten BECK (ed.), Banking Union for Europe: Risks and Challenges, London, Centre for Economic Policy Research, 2012, 115-120
Type:Contribution to bookAbstract:With calls for a banking union to resolve the issue of banking interdependence within the Eurozone, this paper explores the reasons behind such a policy, how it should be implemented and the possible ramifications.
Title:La crisis del euro. De Atenas a Madrid Author(s):BORRELL, José; MISSÉ, AndreuDate:2012Citation:
- Madrid, Ediciones Turpial, 2012
Type:BookAbstract:Tres años después de la quiebra de Lehman Brothers el panorama económico internacional parece desolador. Las primas de riesgo de España e Italia han llegado a superar los 400 puntos básicos, las perspectivas de crecimiento ...
Title:The Pro-Competitive Effect of Campaign Limits in Non-Majoritarian Elections Author(s):IARYCZOWER, Matias; MATTOZZI, AndreaDate:2012Citation:
- Economic Theory, 2012, 49, 3, 591-619
Type:ArticleAbstract:We study a model of elections in non-majoritarian systems that captures the link between competition in policies and competition in campaign spending. We argue that the overall competitiveness of the political arena depends ...
Title:Incomplete Information about Social Preferences Explains Equal Division and Delay in Bargaining Author(s):KOHLER, StefanDate:2012Citation:
- Games, 2012, Vol. 3, No. 3, pp. 119-137
Type:ArticleAbstract:Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely ...
Title:Fiscal Expansions, Unemployment, and Labor Force Participation: Theory and evidence Author(s):BRÜCKNER, Markus; PAPPA, EviDate:2012Citation:
- International Economic Review, 2012, 53, 4, 1205–1228
Type:ArticleAbstract:Structural VARs indicate that for many OECD countries labor force participation, employment, and the unemployment rate significantly increase following increases in government expenditures under a variety of specifications ...
Title:The role of the log transformation in forecasting economic variables Author(s):LUETKEPOHL, Helmut; XU, FangDate:2012Citation:
- Empirical Economics, 2012, Vol. 42, No. 3, pp. 619-638
Type:ArticleAbstract:For forecasting and economic analysis many variables are used in logarithms (logs). In time series analysis, this transformation is often considered to stabilize the variance of a series. We investigate under which conditions ...
Title:Consumption smoothing and portfolio rebalancing : the effects of adjustment costs Author(s):BONAPARTE, Yosef; COOPER, Russell; ZHU, GuozhongDate:2012Citation:
- Journal of Monetary Economics, 2012, Vol. 59, No. 8, pp. 751-768
Type:ArticleAbstract:A household's response to income and return shocks depends on the costs of portfolio adjustment. In particular, the extent of portfolio rebalancing and consumption smoothing are influenced by the presence of non-convex ...
Title:Realized GARCH: A joint model for returns and realized measures of volatility Author(s):HANSEN, Peter Reinhard; HUANG, Zhuo; SHEK, Howard HowanDate:2012Citation:
- Journal of Applied Econometrics, 2012, 27, 6, 877-906
Type:ArticleAbstract:We introduce a new framework, Realized GARCH, for the joint modeling of returns and realized measures of volatility. A key feature is a measurement equation that relates the realized measure to the conditional variance of ...