Browsing ECO Articles by Title

Title:Lower and Upper Bounds of Returns to Schooling: An exercise in IV Estimation with Different Instruments Author(s):ICHINO, Andrea; WINTER-EBMER, RudolfDate:1999Citation:European Economic Review, 1999, 43, 4-6, 889-901Type:ArticleAbstract:Several recent studies based on ‘exogenous' sources of variation in educational outcomes show IV estimates of returns to schooling that are substantially higher than the corresponding OLS estimates. Card (1995a, Earnings, ...

Title:LSM: A DSGE model for Luxembourg Author(s):DEÁK, Szabolcs; FONTAGNE, Lionel; MAFFEZZOLI, Marco; MARCELLINO, MassimilianoDate:2011Citation:Economic Modelling, 2011, 28, 6, 2862–2872Type:ArticleAbstract:Luxembourg is a small open economy with a set of particular features, including rather limited competition in the domestic goods market, strong union power, and a segmented labor market for resident and non-resident workers. ...

Title:Macro-fiscal volatility and the composition of public spending Author(s):DE ALMEIDA DUARTE LOPES RISCADO, Sara Maria; STANÍK, Juraj; VÄLILÄ, TimoDate:2011Citation:Fiscal studies, 2011, Vol. 32, No. 4, pp. 511-538Type:ArticleAbstract:Earlier empirical literature has examined some long- and medium-term aspects of macro-fiscal volatility while leaving its short-term fiscal impact unexplored. To help fill that gap, we examine the impact of macro-fiscal ...

Title:Macroeconomic fluctuations and the labor market Author(s):MORTENSEN, Dale; NAGYPAL, Éva; GUERRIERI, Veronica; REITER, Michael; QUADRINI, Vincenzo; TRIGARI, Antonella; RAVN, Morten O.; SIMONELLI, Saverio; YASHIV, Eran; MOSCARINI, Giuseppe; THOMSSON, Kaj; ROCHETEAU, Guillaume; RUPERT, Peter; WRIGHT, Randall; DANTHINE, Jean-Pierre; KURMANN, André; BOONE, Johnathan; WATSON, JoelDate:2007Citation:Scandinavian journal of economics, 2007, 109, 4, 645-903Type:Article

Title:Macroeconomic Policy Interaction Under Flexible Exchange-Rates - A 2-Country Model Author(s):CORDEN, W. M.Date:1985Citation:Economica, 1985, 52, 205, 9-23Type:Article

Title:Macroeconomics of Subsistence Points Author(s):RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, MartinDate:2008Citation:Macroeconomic Dynamics, 2008, 12, 136-147Type:ArticleAbstract:This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods ...

Title:Macroprudential policy and forecasting using hybrid DSGE models with financial frictions and state space Markov-Switching TVP-VARs Author(s):BEKIROS, Stelios D.; PACCAGNINI, AlessiaDate:2015Citation:Macroeconomic dynamics, 2015, Vol. 19, No. 07, pp. 1565-1592Type:ArticleAbstract:We focus on the interaction of frictions both at the firm level and in the banking sector in order to examine the transmission mechanism of the shocks and to reflect on the response of the monetary policy to increases in ...

Title:Making Government Accountable: Lessons from a Federal Job Training Program Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2007Citation:Public Administration Review, 2007, 67, 5, 905-916Type:ArticleAbstract:This article describes the evolution of a performance measurement system in a government job training program. In this program, a federal agency establishes performance measures and standards for substate agencies. The ...

Title:Managerial Hedging and Portfolio Monitoring Author(s):BISIN, Alberto; GOTTARDI, Piero; RAMPINI, AdrianoDate:2008Citation:Journal of the European Economic Association, 2008, 6, 1, 158–209.Type:Article

Title:Mark-to-market Accounting and Liquidity Pricing Author(s):CARLETTI, Elena; ALLEN, FranklinDate:2008Citation:Journal of Accounting and Economics, 2008, 45, 2-3, 358-378Type:ArticleAbstract:When liquidity plays an important role as in financial crises, asset prices may reflect the amount of liquidity available rather than the asset's future earning power. Using market prices to assess financial institutions’ ...

Title:Market News in Commodity Price Theory: application to the Ethiopian grain market Author(s):OSBORNE, TheresaDate:2004Citation:Review of Economic Studies, 2004, 71, 1, 133-165Type:Article

Title:Market regulation and firm performance : the case of smoking bans in the United Kingdom Author(s):ADDA, Jérôme; BERLINSKI, Samuel; MACHIN, StephenDate:2012Citation:Journal of Law and Economics, 2012, Vol. 55, No. 2, pp. 365-391Type:ArticleAbstract:This paper analyzes the effects on firms of a ban on smoking in public places. Our empirical strategy relies on comparing outcomes in Scotland before and after the Scottish smoking ban (introduced in March 2006) with those ...

Title:Market-Structure Determinants of National Brand Private Label Price Differences of Manufactured Food Products: Comment Author(s):HINLOOPEN, Jeroen; MARTIN, StephenDate:1997Citation:Journal of Industrial Economics, 1997, 45, 2, 219-223Type:ArticleAbstract:Connor and Peterson [1992] analysed structural and behavioural characteristics explaining differences in price between competing national and private label brands of manufactured food products. Hinloopen and Martin's comment ...

Title:Markets and Contracts Author(s):BISIN, Alberto; GEANAKOPOLS, John; GOTTARDI, Piero; MINELLI, Enrico; POLEMARCHAKIS, HeraklesDate:2011Citation:Journal of Mathematical Economics, 2011, 47, 3, 279–288Type:ArticleAbstract:Economies with asymmetric information are encompassed by an extension of the model of general competitive equilibrium that does not require an explicit modeling of private information. Sellers have discretion over deliveries ...

Title:Markets for information : of inefficient firewalls and efficient monopolies Author(s):CABRALES, Antonio; GOTTARDI, PieroDate:2014Citation:Games and economic behavior, 2014, Vol. 83, pp. 24-44Type:ArticleAbstract:In this paper we study market environments where information is costly to acquire and is also useful to potential competitors. Agents may sell, or buy, reports over the information acquired and choose their trades in the ...

Title:Markov Switching Causality and the Money-Output Relationship Author(s):RAVN, Morten O.; PSARADAKIS, Zacharias; SOLA, MartinDate:2005Citation:Journal of Applied Econometrics, 2005, 20, 5, 665-683Type:ArticleAbstract:The causal link between monetary variables and output is one of the most studied issues in macroeconomics. One puzzle from this literature is that the results of causality tests appear to be sensitive with respect to the ...

Title:Markov switching MIDAS models Author(s):GUERIN, Pierre; MARCELLINO, MassimilianoDate:2013Citation:Journal of Business and Economic Statistics, 2013, Vol. 31, No. 1, pp. 45-56Type:ArticleAbstract:This article introduces a new regression model—Markov-switching mixed data sampling (MS-MIDAS)—that incorporates regime changes in the parameters of the mixed data sampling (MIDAS) models and allows for the use of ...

Title:Markov-perfect optimal taxation Author(s):ORTIGUEIRA, SalvadorDate:2006Citation:Review of economic dynamics, 2006, 9, 1, 153-178Type:Article

Title:A martingale decomposition of discrete Markov chains Author(s):HANSEN, Peter ReinhardDate:2015Citation:Economics letters, 2015, Vol. 133, pp. 14-18Type:ArticleAbstract:We consider a multivariate time series whose increments are given from a homogeneous Markov chain. We show that the martingale component of this process can be extracted by a filtering method and establish the corresponding ...

Title:The Measurement of Growth under Embodied Technical Change Author(s):LICANDRO, Omar; RUIZ-CASTILLO, Javier; DURAN, JorgeDate:2002Citation:Recherches Economics de Louvain, 2002, 68, 1-2, 7-19Type:Article