Title:Financial Returns and Efficiency As Seen By An Artificial Technical Analyst
Author(s):SKOURAS, SpyrosDate:2001Type of Publication:ArticleAbstract:We introduce trading rules which are selected by an artificially intelligent agent who learns from experience - an Artificial Technical Analyst. These rules restrict the data-mining concerns associated with the use of ...
Title:Firm Size and the Entire Distribution of Wages: A Semiparametric Approach
Author(s):EL-ATTAR, Mayssun; LOPEZ-BAZO, EnriqueDate:2008Type of Publication:ArticleAbstract:In this article we argue that parametric regression analysis might well provide only partial evidence on the firm size-wage effect and propose a methodology that focuses on the entire distribution of wages. Results for a ...
Title:Fiscal Expansions, Unemployment, and Labor Force Participation: Theory and evidence
Author(s):BRÜCKNER, Markus; PAPPA, EviDate:2012Type of Publication: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:Fiscal forecasting: The track record of the IMF, OECD and EC
Author(s):ARTIS, Michael J.; MARCELLINO, MassimilianoDate:2001Type of Publication:ArticleAbstract:We analyse the relative performance of the IMF, OECD and EC in forecasting the government deficit, as a ratio to GDP, for the G7 countries. Interesting differences across countries emerge, sometimes supporting the hypothesis ...
Title:Fiscal Imbalances and the Dynamics of Currency Crises
Author(s):CORSETTI, Giancarlo; MACKOWIAK, BartoszDate:2006Type of Publication:ArticleAbstract:This paper analyzes links between the fiscal theory of the price level (FTPL) and the first generation models after Krugman (Journal of Money Credit and Banking 11 (1979), 311–325), exploring the idea that a synthesis ...
Title:Fiscal policy and public debt sustainability in the EMU
Author(s):HOLZMANN, Robert; BALASSONE, Fabrizio; FRANCO, Daniele; ZOTTERI, Stefania; CLAEYS, Peter; KAMPS, Christophe; GREINER, Alfred; KOELLER, Uwe; SEMMLER, Willi; HABER, Gottfried; NECK, Reinhard; MARINHEIRO, Carlos FonsecaDate:2006Type of Publication:Article
Title:Fiscal policy, Pricing Frictions and Monetary Accommodation
Author(s):CANOVA, Fabio; PAPPA, EviDate:2011Type of Publication:ArticleAbstract:This paper empirically investigates whether the theoretical conditions for government expenditure expansions to be effective, hold for the data. We ask whether the necessary conditions for fiscal effectiveness are relevant ...
Title:Fiscal Policy, Profits, and Investment
Author(s):ALESINA, A; ARDAGNA, S; PEROTTI, Roberto; SCHIANTARELLI, FDate:2002Type of Publication:ArticleAbstract:This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. We find a sizeable negative effect of public spending-and in particular of its wage component-on profits and on business ...
Title:Fleshing Out the Monetary Transmission Mechanism: Output Composition and the Role of Financial Frictions
Author(s):MEIER, André; MÜLLER, Gernot J.Date:2006Type of Publication: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:Forecasting Exchange Rates with a Large Bayesian VAR
Author(s):CARRIERO, Andrea; KAPETANIOS, George; MARCELLINO, MassimilianoDate:2009Type of Publication:ArticleAbstract:Models based on economic theory have serious problems forecasting exchange rates better than simple univariate driftless random walk models, especially at short horizons. Multivariate time series models suffer from the ...
Title:Forecasting Large Datasets with Bayesian Reduced Rank Multivariate Models
Author(s):CARRIERO, Andrea; KAPETANIOS, George; MARCELLINO, MassimilianoDate:2011Type of Publication:ArticleAbstract:The paper addresses the issue of forecasting a large set of variables using multivariate models. In particular, we propose three alternative reduced rank forecasting models and compare their predictive performance for US ...
Title:Foreign Direct Investments and Spillovers Through Workers' Mobility
Author(s):MOTTA, Massimo; FOSFURI, Andrea; RONDE, ThomasDate:2001Type of Publication:ArticleAbstract:We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later ...
Title:Fragmented Fiscal Policy
Author(s):PEROTTI, Roberto; KONTOPOULOS, Y.Date:2002Type of Publication:ArticleAbstract:This paper explores on a panel of 19 OECD countries the role of fragmentation indetermining fiscal outcomes over the 1970-95 period. We first define the notion of fragmentation of fiscal policy-making as the degree to which ...