Title:The Determinants of Attitudes towards Strategic Default on Mortgages
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We use survey data to study American households’ propensity to default when the value of their
mortgage exceeds the value of their house even if they can afford to pay their mortgage (strategic
default). The cost of ...
Title:DGSE Model Evaluation and Hybrid Models: A Comparison
Author(s):PACCAGNINI, AlessiaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper discusses the estimation of Dynamic Stochastic General Equilibrium (DSGE) models using hybrid models. These econometric tools provide the combination of an atheoretical statistical representation and the theoretical ...
Title:Distribution-Free Learning
Author(s):SCHLAG, Karl H.Date:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We select among rules for learning which of two actions in a stationary decision problem achieves a higher expected payoffs when payoffs realized by both actions are known
in previous instances. Only a bounded set containing ...
Title:Do Amenities and Diversity Encourage City Growth? A Link Through Skilled Labor
Author(s):POELHEKKE, StevenDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The share of skilled workers in urban populations has steadily
increased since 1970 in US metropolitan areas, but more in some cities
than in others. A higher concentration of skills is a sought after asset for
cities ...
Title:Do Consumers Care about How Prices Are Set?
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using a survey approach, we ask consumers to reveal their preferences over pricing
schemes that may differ in terms of the average price of consumption, the amount of price
variation, and the probability of being rationed. ...
Title:Do Unions Matter? Trade Reform and Manufacturing Wages in South Africa
Author(s):SHENDY, RihamDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The effect of nominal tariff cuts on industry wage differentials has been the subject of a number of recent empirical studies. In this paper we investigate the latter relationship with respect to the South African trade ...
Title:Does Aid Help Improve Economic Institutions?
Author(s):COVIELLO, Decio; ISLAM, RoumeenDate:2006Type of Publication:Working PaperSeries/Report no.:World Bank Policy Research Working PaperAbstract:Aid is expected to promote better living standards by raising investment and growth. But aid may also
affect institutions directly. In theory, these effects may or may not work in the same direction as those on
investment. ...
Title:Does One Currency Mean One Price?
Author(s):WOLSZCZAK-DERLACZ, JoannaDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:European Monetary Union was expected to have many consequences for the economies
of participant countries. Theory suggested that through a higher volume of trade and
stronger competition in the Eurozone, a single currency ...