Browsing ECO Articles by Title

Title: Cross-sectional Averaging and Instrumental Variable Estimation with Many Weak Instruments Author(s): KAPETANIOS, George; MARCELLINO, Massimiliano Date: 2010 Type of Publication: Article Abstract: The present paper suggests a new way to carry out IV estimation with many instruments. Our suggestion is to cross-sectionally average the instruments and use these averages as instruments. We provide a theoretical and Monte ...

Title: Cultural Biases in Economic Exchange? Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2009 Type of Publication: Article Abstract: How much do cultural biases affect economic exchange? We answer this question by using data on bilateral trust between European countries. We document that this trust is affected not only by the characteristics of the ...

Title: Customs Union and Technical Efficiency Author(s): PELKMANS, Jacques Date: 1982 Type of Publication: Article

Title: Dancing with the Devil: Country Size and the Incentive to Tolerate Money Laundering Author(s): GNUTZMANN, Hinnerk; MCCARTHY, Killian J.; UNGER, Brigitte Date: 2010 Type of Publication: Article Abstract: The incidence of money laundering, and the zeal with which international anti-money laundering (AML) policy is pursued, varies significantly from country to country, region to region. There are, however, quite substantial ...

Title: Das Verbot von Cross-Ticketing in den AGB von Flugbeförderungsverträgen und deren verbandsklagerechtliche Kontrolle – Eine ökonomische und rechtliche Analyse Author(s): PURNHAGEN, Kai Peter; HAUZENBERGER, Klemens Date: 2009 Type of Publication: Article

Title: Dating Business Cycles: a Methodological Contribution with an Application to the Euro Area Author(s): ARTIS, Michael J.; MARCELLINO, Massimiliano; PROIETTI, Tommaso Date: 2004 Type of Publication: Article

Title: Dating the Business Cycle in Britain Author(s): ARTIS, Michael J. Date: 2005 Type of Publication: Article Abstract: The NIESR's monthly GDP series is an innovative feature; most GDP estimates are published at an annual, or quarterly frequency at best. For purposes of dating the business cycle the availability of this series is an asset, ...

Title: Dealer Pricing of Consumer Credit Author(s): BERTOLA, Giuseppe; HOCHGUERTEL, Stefan; KOENIGER, Winfried Date: 2005 Type of Publication: Article

Title: Decision Makers Facing Uncertainty: Theory Versus Evidence Author(s): GIORDANI, Paolo E.; SCHLAG, Karl H.; ZWART, Sanne Date: 2010 Type of Publication: Article Abstract: This paper aims at assessing cultural differences in uncertainty attitude across Europe. We select questions from the European Values Survey (EVS) capturing salient features of uncertain scenarios (safe versus uncertain, ...

Title: Deep habits Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2006 Type of Publication: Article Abstract: This paper generalizes the standard habit-formation model to an environment in which agents form habits over individual varieties of goods as opposed to over a composite consumption good. We refer to this preference ...

Title: Deposit Insurance and Risk Taking Author(s): ALLEN, Franklin; CARLETTI, Elena; LEONELLO, Agnese Date: 2011 Type of Publication: Article Abstract: We review the theory of deposit insurance, highlighting the underlying assumptions that were not satisfied during the recent financial crisis and that may have led to serious policy mistakes. In theoretical models, deposit ...

Title: Determinants of Short-Term Debt: a note Author(s): LUSINYAN, Lusine; BUCH, Claudia Date: 2003 Type of Publication: Article

Title: The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence? Author(s): FEHR, Ernst; GLÄTZLE-RÜTZLER, Daniela; SUTTER, Matthias Date: 2013 Type of Publication: Article Abstract: We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. ...

Title: Direct Foreign-Investment in the United-States Author(s): MARTIN, Stephen Date: 1991 Type of Publication: Article

Title: Disaggregated Wage Curves in the United States: Evidence From Panel Data of Young Workers Author(s): TURUNEN, Jarkko Date: 1998 Type of Publication: Article Abstract: The paper presents wage curve results disaggregated over time, by individual characteristics, occupations, industries and regions in the United States, using a panel data set of young workers. The results suggest that ...

Title: Disentangling demand and supply shocks in the crude oil market : how to check sign restrictions in structural VARs Author(s): LUETKEPOHL, Helmut; NETŠUNAJEV, Aleksei Date: 2013 Type of Publication: Article Abstract: Sign restrictions have become increasingly popular for identifying shocks in structural vector autoregressive (SVAR) models. So far there are no techniques for validating the shocks identified via such restrictions. Although ...

Title: Disequilibrium Dynamics With Naive Agents in the Overlapping Generations Model With Money Author(s): SACCO, Pier Luigi Date: 1993 Type of Publication: Article Abstract: This paper studies the disequilibrium dynamics of the overlapping generations model with money under the assumption that agents are not aware of the strategic opportunities left open by nonequilibrium trade. The standard ...

Title: Distributive Production Sets and Equilibria with Increasing Returns Author(s): DEHEZ, Pierre; DREZE, Jean Date: 1988 Type of Publication: Article

Title: Do Conditional Benefits Reduce Equilibrium Unemployment? Author(s): VAN DER PLOEG, Frederick Date: 2006 Type of Publication: Article Abstract: Although unconditional unemployment benefits destroy jobs in competitive and noncompetitive labor markets, conditional benefits can spur job growth in noncompetitive labor markets. Unconditional benefits reduce the penalty ...

Title: Do Sunspots Matter under Complete Ignorance? Author(s): GIORDANI, Paolo; COZZI, Guido Date: 2006 Type of Publication: Article Abstract: In a two-period, sunspot, pure-exchange economy we analyse the case in which agents do not assign subjective probabilistic beliefs to the ‘sunspot activity’. Two generations, each of which is made up of identical agents, ...

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