Browsing Max Weber Programme (MWP) by Subject "E52"

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Title: The Great Moderation, the Great Panic and the Great Contraction Author(s): BEAN, Charles Date: 2010 Type of Publication: Technical Report Series/Report no.: EUI MWP LS Abstract: This lecture examines the causes of the recent financial crisis and subsequent recession. On the macroeconomic side, the Great Moderation encouraged an overly optimistic assessment of risk. Combined with low interest rates, ...
Title: Nested Models and Model Uncertainty Author(s): KRIWOLUZKY, Alexander; STOLTENBERG, Christian A. Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Uncertainty about the appropriate choice among nested models is a central concern for optimal policy when policy prescriptions from those models differ. The standard procedure is to specify a prior over the parameter space ...
Title: Nested Models and Model Uncertainty Author(s): KRIWOLUZKY, Alexander; STOLTENBERG, Christian A. Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: Uncertainty about the appropriate choice among nested models is a central concern for optimal policy when policy prescriptions from those models differ. The standard procedure is to specify a prior over the parameter space ...

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