Title:On B-robust Instrumental Variable Estimation of the Linear Model with Panel Data Author(s):WALDMANN, Robert; WAGENVOORT, Rien J.L.M.Date:2002Citation:
- Journal of Econometrics, 2002, 106, 2, 297-324
Type:ArticleAbstract:The aim of this paper is to demonstrate how to acquire robust consistent estimates of the linear model when the fundamental orthogonality condition is not fulfilled. With this end in view, we develop two estimation procedures: ...
Title:A Robust Algorithm for Parameter Estimation in Smooth Transition Autoregressive Models Author(s):BEKIROS, Stelios D.Date:2009Citation:
- Economics Letters, 2009, 103, 1, 36-38
Type:ArticleAbstract:Finding a precise estimate for the smoothness parameter of LSTAR models is notoriously difficult. This paper introduces a robust estimation method for the transition and autoregressive parameters of STAR models, comprising ...
Title:An Overview of the Crisis: Causes, Consequences and Solutions Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2009Citation:
- International Review of Finance, 2009, 10, 1, 1-26
Type:ArticleAbstract:What caused the crisis? Initially many thought that it was due to incentive problems in the U.S. mortgage industry. However, after the large economic meltdown following Lehman Brothers' bankruptcy in September 2008, it ...
Title:Mark-to-market Accounting and Liquidity Pricing Author(s):CARLETTI, Elena; ALLEN, FranklinDate:2008Citation:
- Journal of Accounting and Economics, 2008, 45, 2-3, 358-378
Type: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:A modern reconsideration of the theory of Optimal Currency Areas Author(s):CORSETTI, GiancarloDate:2008Citation:
- European Economy Economic Papers, 2008, No. 308, 1-39
Type:ArticleAbstract:What can be learnt from revisiting the Optimal Currency Areas (OCA) theory 50 years from its birth, in light of recent advances in open economy macro and monetary theory? This paper presents a stylized micro-founded model ...
Title:Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States Author(s):RAVN, Morten O.; SIMONELLI, SaverioDate:2007Citation:
- Scandinavian Journal of Economics, 2007, 109, 4, 743-777
Type:ArticleAbstract:We use a 12-dimensional VAR to examine the aggregate effects of two structural technology shocks and two policy shocks. For each shock, we examine the dynamic effects on the labor market, the importance of the shock for ...
Title:International Risk Sharing and the Transmission of Productivity Shocks Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Citation:
- Review of Economic Studies, 2008, 75, 2, 443-473.
Type:ArticleAbstract:This paper shows that standard international business cycle models can be reconciled with the empirical evidence on the lack of consumption risk sharing. First, we show analytically that with incomplete asset markets ...
Title:Strategic Militarization, Deterrence and Wars Author(s):JACKSON, Matthew O.; MORELLI, MassimoDate:2009Citation:
- Quarterly Journal of Political Science, 2009, 4, 4, 279-313
Type:ArticleAbstract:We study countries choosing armament levels and then whether or not to go to war. We show that if the costs of war are not overly high or low, then all equilibria must involve dove, hawk, and deterrent strategies and the ...
Title:Generating Functions for Coalitional Power Indices: An Application to the IMF Author(s):BOWLES, Carlos; ALONSO-MEIJIDE, José MaríaDate:2005Citation:
- Annals of Operations Research, 2005, 137, 1, 21-44