Browsing ECO Articles by Title

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Browsing ECO Articles by Title

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    Title: The Unemployment Problem  Author(s): ARTIS, Michael J. Date: 1998 Type of Publication: Article Abstract: The paper reviews the unemployment problem in Europe. It shows that while there is a good deal of heterogeneity in European unemployment experience, a 'European model' of high and persistent unemployment characterizes many ...
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    Title: The US and the European Monetary System (EMS): A Stylised Asymmetrical Two-Country Model  Author(s): ARTIS, Michael J.; GAZIOGLU, S. Date: 1996 Type of Publication: Article Abstract: Numerical simulation methods were used to explore the consequences of asymmetrical behaviour in a two-country model. The asymmetries are located in the asset and goods demand functions and in the parameters governing foreign ...
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    Title: The US trade deficit, the decline of the WTO and the rise of regionalism  Author(s): AGUR, Itai Date: 2008 Type of Publication: Article Abstract: This paper argues that the growing US trade deficit has caused the decline of the WTO and the rise of regional trade agreements. Growing imbalances make countries more selective about who to cooperate with. This is formally ...
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    Title: The Variable Frame Theory of Focal Points: An Experimental Study  Author(s): BACHARACH, M.; BERNASCONI, Michele Date: 1997 Type of Publication: Article Abstract: In variable frame theory a game is played rationally, but which game gets played is determined by nonrational (e.g., perceptual) player characteristics. These determine their ''frames''-the sets of attributes of the objects ...
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    Title: Threshold Learning Dynamics in Social Networks  Author(s): GONZÁLEZ-AVELLA, Juan Carlos; EGUÍLUZ, Victor M.; MARSILI, Matteo; VEGA-REDONDO, Fernando; SAN MIGUEL, Maxi Date: 2011 Type of Publication: Article Abstract: Social learning is defined as the ability of a population to aggregate information, a process which must crucially depend on the mechanisms of social interaction. Consumers choosing which product to buy, or voters deciding ...
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    Title: Ticket Pricing Under Demand Uncertainty  Author(s): COURTY, Pascal Date: 2003 Type of Publication: Article
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    Title: To Begrudge Or Not to Begrudge: Consumption and Leisure Externalities Revisited  Author(s): DUERNECKER, Georg Date: 2008 Type of Publication: Article Abstract: This article employs a dynamic general equilibrium model to study the implications of a nonstandard preference structure for the short-run dynamics of the economy. Preferences in this model are assumed to contain comparison ...
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    Title: Trade Interdependence and the International-Business Cycle  Author(s): CANOVA, Fabio; DELLAS, H. Date: 1993 Type of Publication: Article Abstract: A stochastic general equilibrium model of the world economy is developed to analyze the contribution of trade interdependence to international business cycles. We test some of the implications of the model using data from ...
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    Title: Trade Liberalization, Firm Selection, and Variety Growth  Author(s): AGUR, Itai Date: 2010 Type of Publication: Article Abstract: Recent empirical findings indicate that when trade is liberalized both firm selection takes place and product variety increases. Each of these two stylized facts has its own seminal theory. But how can they arise together? ...
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    Title: Transboundary Air-Pollution in Europe - An Interactive Multicriteria Tradeoff Analysis  Author(s): STAM, Antonie; KUULA, Markku; CESAR, Herman S. J. Date: 1992 Type of Publication: Article Abstract: In this paper, the acid rain problem in Europe is discussed, stressing the transboundary tradeoffs between abatement costs of sulphur emission reduction and corresponding deposition levels in the different countries. An ...
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    Title: Transmission of German Monetary Policy in the Pre-Euro Period  Author(s): LUETKEPOHL, Helmut; WOLTERS, Jürgen Date: 2003 Type of Publication: Article Abstract: A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose, quarterly, seasonally unadjusted data ...
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    Title: Trial Procedures and Optimal Limits on Proof-Taking  Author(s): PALUMBO, Giuliana Date: 2001 Type of Publication: Article
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    Title: Trusting the Stock Market  Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2008 Type of Publication: Article Abstract: We study the effect that a general lack of trust can have on stock market participation. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function of the ...
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    Title: Turnover of Senior Managers in Russian Privatised Firms  Author(s): MURAVYEV, Alexander Date: 2003 Type of Publication: Article
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    Title: Twin Deficit: Squaring Theory, Evidence and Common Sense  Author(s): CORSETTI, Giancarlo; MÜLLER, Gernot J. Date: 2006 Type of Publication: Article Abstract: Simple accounting suggests that shocks to the government budget move the current account in the same direction, and this `twin deficits' intuition leads many observers to call for fiscal consolidation in the US as a necessary ...
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    Title: Twin Deficits, Openness, and the Business Cycle  Author(s): CORSETTI, Giancarlo; MÜLLER, Gernot J. Date: 2008 Type of Publication: Article Abstract: In this article, we study the co-movement of the government budget balance and the trade balance at business-cycle frequencies. In a sample of 10 OECD countries we find that the correlation of the two time series is negative, ...
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    Title: Un'analisi empirica delle relazioni tra la spesa pubblica, entrate, PIL e inflazione  Author(s): MARCELLINO, Massimiliano Date: 1995 Type of Publication: Article
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    Title: Uncovered Interest Rate Parity and the Expectations Hypothesis of the Term Structure: Empirical Results for the U.S. and Europe  Author(s): BRUEGGEMANN, Ralf; LUETKEPOHL, Helmut Date: 2005 Type of Publication: Article Abstract: A system of U.S. and euro-area short and long-term interest rates is analyzed. According to the expectations hypothesis of the term structure, the interest rate spreads should be stationary and according to the uncovered ...
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    Title: The Under-Estimated Virtues of the Two-sector AK Model. Contributions to Macroeconomics  Author(s): LICANDRO, Omar; FELBERMAYR, Gabriel J. Date: 2005 Type of Publication: Article
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    Title: Unit Root and Cointegration Testing: Guest Editors' Introduction  Author(s): LUETKEPOHL, Helmut; RODRIGUES, Paulo M. M. Date: 2008 Type of Publication: Article Abstract: By pointing out the spurious regression problem, Granger and Newbold (1974) have shown the importance of stochastic trends in time series data in the context of linear regression models. At the time, removing trends by ...