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). ...
Title:Evolutionarily Stable Sets
Author(s):BALKENBORG, Dieter; SCHLAG, Karl H.Date:2000Type 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 ...
Title:Evolutionary Insights on the Willingness to Communicate
Author(s):SCHLAG, Karl H.; HURKENS, SjaakDate:2003Type of Publication:ArticleAbstract:While in previous models of pre-play communication players are forced to communicate, we investigate what happens if players can choose not to participate in this cheap talk. Outcomes are predicted by analyzing evolutionary ...
Title:Excessive Pricing: Towards clarity and economic coherence
Author(s):CALCAGNO, Claudio A.; WALKER, MikeDate:2010-01-01Type of Publication:ArticleAbstract:One of the thorniest areas of antitrust enforcement is whether, and how, to deal with excessive pricing allegations. Even in jurisdictions that have laws against excessive pricing, there has been little case law on the ...
Title:Exchange Rate Volatility and Export Performance: A cointegrated VAR approach
Author(s):BOUG, Pål; FAGERENG, AndreasDate:2010-01-01Type of Publication:ArticleAbstract:During the last decades Norwegian exporters have-despite various forms of exchange rate targeting-faced a rather volatile exchange rate which may have influenced their behaviour. Recently, the shift to inflation targeting ...
Title:Exchange Rates and Oligopoly
Author(s):HENS, Thorsten; JAGER, Eckart; KIRMAN, Alan; PHLIPS, LouisDate:1999Type of Publication:ArticleAbstract:The purpose of this paper is to explain empirical observations concerning the impact of exchange rate changes on industrial prices. As exchange rates change the pass-through into industrial prices is often incomplete and ...
Title:Exchange-Rate Pass-Through and Market Structure
Author(s):KIRMAN, Alan; PHLIPS, LouisDate:1996Type of Publication:ArticleAbstract:We consider a situation in which n firms located in market l and m firms located in market 2 each sell a commodity which is homogeneous within each market but may differ between markets. All firms sell on both markets. ...
Title:Exclusive Dealing and Entry, when Buyers Compete
Author(s):FUMAGALLI, Chiara; MOTTA, MassimoDate:2006Type of Publication:ArticleAbstract:Rasmusen et al. (1991) and Segal and Whinston (2000) show that an incumbent monopolist might prevent entry of a more efficient competitor by exploiting externalities among buyers. We show that their results hold only when ...
Title:Exogeneity, Cointegration, and Economic Policy Analysis
Author(s):ERICSSON, Neil R.; HENDRY, David F.; MIZON, Grayham E.Date:1998Type of Publication:ArticleAbstract:This overview examines conditions for reliable economic policy analysis based on econometric models, focusing on the econometric concepts of exogeneity, cointegration, causality, and invariance. Weak, strong, and super ...
Title:Experimental Evidence on the Irreversibility Effect
Author(s):RAUCHS, Alexandra; WILLINGER, MarcDate:1996Type of Publication:ArticleAbstract:This paper presents the results of an experimental investigation on how increased expected information affects subjects' choices. We show that Claude Henry's (1974) result (the ''Irreversibility Effect'') is strongly ...
Title:Experiments on Sequential Decision-Making: the ''Irreversibility Effect''
Author(s):RAUCHS, Alexandra; WILLINGER, MarcDate:1996Type of Publication:ArticleAbstract:The Irreversibility Effect (IE) predicts that an expected utility maximizer who expects to obtain additional information before his future choices, will choose a ''more flexible'' (or ''less irreversible'') position in the ...
Title:Export Promotion, Learning by Doing and Growth
Author(s):AMBLER, Steve; CARDIA, Emanuela; FARAZLI, JeannineDate:1999Type of Publication:ArticleAbstract:This paper explores the quantitative link between export-promoting commercial policies and economic growth. We build and calibrate a dynamic general equilibrium model of a small developing economy. The economy’s equilibrium ...
Title:The extensive margin and monetary policy
Author(s):BERGIN, Paul; CORSETTI, GiancarloDate:2008Type of Publication:ArticleAbstract:The creation of new firms, referred to as the extensive margin, is a significant but overlooked dimension of monetary policy. A monetary VAR documents that monetary policy has significant effects on firm creation. An ...