Title:Encompassing Univariate Models in Multivariate Time-Series - A Case-Study
Author(s):MARAVALL, Agustin; MATHIS, AlexandreDate:1994Type of Publication:ArticleAbstract:Through the encompassing principle, univariate ARIMA analysis could provide an important tool for diagnosis of VAR models: The univariate ARIMA models implied by the VAR should explain the results from univariate analysis. ...
Title:Endogenous Growth and Time-To-Build: The Ak Case
Author(s):BAMBI, MauroDate:2008Type of Publication:ArticleAbstract:In this paper, a continuous time AK model is fully analyzed under the time-to-build assumption. The existence and uniqueness of a (real) balanced growth path as well as oscillatory convergence are proved. Transversality ...
Title:Endogenous Local Interaction and Multi-Product Firms
Author(s):VISSER, BaukeDate:1999Type of Publication:ArticleAbstract:Multi-product firms are modelled as locally interacting entities that gather information on the profitability of product combinations in an environment defined in terms of their currently supplied markets. They learn from ...
Title:Endogenous Trading Constraints with Incomplete Asset Markets
Author(s):ABRAHAM, Arpad; CARCELES-POVEDA, EvaDate:2010Type of Publication:ArticleAbstract:This paper endogenizes the borrowing constraints on capital in a production economy with incomplete markets. We find that these limits get looser with income, a property that is consistent with US data on credit limits. ...
Title:Ensuring a Representative Referendum Outcome: The Daunting Task of Setting the Quorum Right
Author(s):ZWART, SanneDate:2010Type of Publication:ArticleAbstract: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 although the quorum can be set such that the outcome ...
Title:Equity Culture and Household Behavior
Author(s):HALIASSOS, Michael; HASSAPIS, ChristisDate:2002Type of Publication:ArticleAbstract:Equity culture has spread among households on both sides of the Atlantic. We study likely effects of equity culture on the behavior of households entering the stock market. Without borrowing constraints, the improved ...
Title:Error Cascades in Observational Learning: An experiment on the Chinos game
Author(s):FERI, Francesco; MELÉNDEZ-JIMÉNEZ, Miguel A.; PONTI, Giovanni; VEGA-REDONDO, FernandoDate:2011Type of Publication:ArticleAbstract:The paper reports an experimental study based on a variant of the popular Chinos game, which is used as a simple but paradigmatic instance of observational learning. There are three players, arranged in sequence, each of ...
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, 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:EUROMIND: A monthly indicator of the euro area economic conditions
Author(s):FRALE, Cecilia; MARCELLINO, Massimiliano; MAZZI, Gianluigi; PROIETTI, TommasoDate:2011Type of Publication:ArticleAbstract:Continuous monitoring of the evolution of the economy is fundamental for the decisions of public and private decision makers. The paper proposes EUROMIND, which is a new monthly indicator of the euro area economic conditions, ...
Title:Evolutionarily Stable Sets
Author(s):SCHLAG, Karl H.Date:2001Type of Publication:ArticleAbstract:This paper provides definitions for the evolutionary stability of sets of strategies based on simple fitness comparisons in the spirit of the definition of an evolutionarily stable strategy (ESS) by Taylor and Jonker (1978). ...