Title:Political Instability and Economic Vulnerability
Author(s):BUSSIERE, Matthieu; MULDER, C.Date:2000Type of Publication:ArticleAbstract:This paper analyzes and tests the influence of political instability on economic vulnerability in the context of the 1994 and 1997 crisis episodes. It constructs four political variables that aim at quantifying political ...
Title:Post-Entry Behaviour and the Cycle: Evidence From Germany
Author(s):BOERI, Tito; BELLMANN, L.Date:1995Type of Publication:ArticleAbstract:Based on a rich database on establishments in western Germany, the paper aims at characterising the relationship between, on the one hand, growth and exit of entering cohorts and, on the other hand, aggregate business ...
Title:Poverty in Pre-Reform Uzbekistan - What Do Official Data Really Reveal
Author(s):MARNIE, Sheila; MICKLEWRIGHT, JohnDate:1994Type of Publication:ArticleAbstract:Using 1989 household survey data, we investigate large differences in poverty measured with a conventional all-Union per capita income line between Uzbekistan, the largest Central Asian republic of the former U.S.S.R., and ...
Title:Precautionary Motives and Portfolio Decisions
Author(s):HOCHGUERTEL, StefanDate:2003Type of Publication:ArticleAbstract:This paper studies the empirical relevance of precautionary and other motives for household portfolio behaviour using recent panel data from the Netherlands. Dutch households' portfolios exhibit low degrees of risk taking ...
Title:Preferred Point Geometry and Statistical Manifolds
Author(s):CRITCHLEY, Frank; MARRIOTT, Paul; SALMON, MarkDate:1993Type of Publication:ArticleAbstract:A new mathematical object called a preferred point geometry is introduced in order to (a) provide a natural geometric framework in which to do statistical inference and (b) reflect the distinction between homogeneous aspects ...
Title:Preferred Point Geometry and the Local Differential Geometry of the Kullback-Leibler Divergence
Author(s):CRITCHLEY, Frank; MARRIOTT, Paul; SALMON, MarkDate:1994Type of Publication:ArticleAbstract:A new preferred point geometric structure for statistical analysis, closely related to Amari's alpha-geometries, is introduced. The added preferred point structure is seen to resolve the problem that divergence measures ...
Title:Price Smoothing Policies - A Welfare Analysis
Author(s):CANOVA, FabioDate:1992Type of Publication:ArticleAbstract:In post-WWII experience U.S. monetary authorities have attempted to eliminate seasonal fluctuations in prices and nominal interest rates. Developments in financial markets and recently discovered empirical regularities ...
Title:Price Variation Antagonism and Firm Pricing Policies
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2010Type of Publication:ArticleAbstract:Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce demand. At the same time, consumers may take advantage of the opportunities offered by price changes. Overall, the net impact ...
Title:The Pro-Competitive Effect of Campaign Limits in Non-Majoritarian Elections
Author(s):IARYCZOWER, Matias; MATTOZZI, AndreaDate:2012Type of Publication: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:Productivity, Seniority and Wages: New Evidence from Personnel Data
Author(s):ICHINO, Andrea; FLABBI, LucaDate:2001Type of Publication:ArticleAbstract:Wages may be observed to increase with seniority because of firm-specific human capital accumulation or because of self-selection of better workers in longer jobs. In both these cases, the upward sloping wage profile in ...
Title:Profits, Risk, and Uncertainty in Foreign-Exchange Markets
Author(s):CANOVA, Fabio; MARRINAN, JaneDate:1993Type of Publication:ArticleAbstract:This paper examines the properties of nominal profits from speculation in dollar-dominated forward contracts using a representative agent cash-in-advance model, modified to allow for heteroscedasticity in the exogenous ...