Browsing ECO Working Papers by Title

Title:A General Test of Gaming Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2004Type:Working PaperSeries/Number:CEPR Discussion Paper; 4514

Title:Generalized Least Squares Estimation for Cointegration Parameters Under Conditional Heteroskedasticity Author(s):HERWARTZ, Helmut; LUETKEPOHL, Helmut

Date:2009Type:Working PaperSeries/Number:EUI ECO; 2009/42Abstract:In the presence of generalized conditional heteroscedasticity (GARCH) in the residuals of a vector error correction model (VECM), maximum likelihood (ML) estimation of the cointegration parameters has been shown to be ...

Title:Genuine Savings and the Voracity Effect Author(s):VAN DER PLOEG, FrederickDate:2007Type:Working PaperSeries/Number:EUI ECO; 2007/38Abstract:Many resource-rich countries have negative genuine saving rates, so deplete their exhaustible natural resource wealth faster than they build up wealth in other assets. This phenomenon is stronger in more fractionalized ...

Title:Global imbalances: what changes with the crisis? Author(s):CORSETTI, Giancarlo

Date:2009Type:OtherSeries/Number:PEGGED; Policy Paper; 2009/01Abstract:The policy blueprint for global recovery points to the need to reduce global imbalances. This paper discusses how the crisis is changing the environment in which global rebalancing is expected to take place, concerning the ...

Title:Good Luck or Good Policy? An expectational theory of macro volatility switches Author(s):GABALLO, Gaetano

Date:2011-01-01Type:Working PaperSeries/Number:EUI MWP; 2011/19Abstract:In an otherwise unique-equilibrium model, agents are segmented into a few informational islands according to the signal they receive about others' expectations. Even if agents perfectly observe fundamentals, rational-exuberance ...

Title:Granger's representation theorem and multicointegration Author(s):ENGSTED, Tom

; JOHANSEN, SorenDate:1997Type:Working PaperSeries/Number:EUI ECO; 1997/15

Title:Granger-Causal Analysis of VARMA-GARCH Models Author(s):WOŹNIAK, TomaszDate:2012Type:Working PaperSeries/Number:EUI ECO; 2012/19Abstract:Recent economic developments have shown the importance of spillover and contagion effects in financial markets. Such effects are not limited to relations between the levels of financial variables but also impact on their ...

Title:Gravity and Information:Heterogeneous Firms, Exporter Networks and the ‘Distance Puzzle’ Author(s):KRAUTHEIM, SebastianDate:2007Type:Working PaperSeries/Number:EUI ECO; 2007/51Abstract:Distance effects in empirical gravity equations appear to be too high to be explained by transport costs alone. Moreover, despite the strong and ongoing reduction of transport costs, the estimated coefficients are rather ...

Title:The 'Great Lockdown' : inactive workers and mortality by Covid-19 Author(s):BORRI, Nicola; DRAGO, Francesco; SANTANTONIO, Chiara

; SOBBRIO, FrancescoDate:2020Type:Working PaperSeries/Number:CESifo Working Paper; 2020/8584Abstract:In response to the Covid-19 outbreak, among other previous “non-pharmaceutical interven-tions”, on March 22, 2020 the Italian Government imposed an economic lockdown and ordered the closing of all non-essential economic ...

Title:Group formation, in-group bias and the cost of cheating Author(s):MICHAELI, MotiDate:2015Type:Working PaperSeries/Number:EUI MWP; 2015/04Abstract:Group formation and in-group bias -- preferential treatment for insiders -- are widely observed social phenomena. This paper demonstrates how they arise naturally when people incur a psychological cost as the result of ...

Title:Growth effects from trade and technology Author(s):ZANFORLIN, LuisaDate:1995Type:Working PaperSeries/Number:EUI ECO; 1995/13

Title:Growth externalities, unions, and long-term wage accords Author(s):ZAGLER, MartinDate:2000Type:Working PaperSeries/Number:EUI ECO; 2000/18

Title:Growth in Euro Area Labour Quality Author(s):SCHWERDT, Guido; TURUNEN, JarkkoDate:2006Type:Working PaperSeries/Number:ECB Working Paper; 575

Title:Growth, technology and inequality : an industrial approach Author(s):GARCIA CERVERO, SusanaDate:1997Type:Working PaperSeries/Number:EUI ECO; 1997/26

Title:Guide to Reform of Higher Education: A European Perspective Author(s):VAN DER PLOEG, Frederick; BAS, JacobsDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/532/7Abstract:Although there are exceptions, most European universities and institutions of higher education find it difficult to compete with the best universities in the Anglo-Saxon world. Despite the Bologna agreement and the ambitions ...

Title:Hard evidence and welfare in adverse selection environments Author(s):PRAM, Kym

Date:2017Type:Working PaperSeries/Number:EUI MWP; 2017/10Abstract:I consider environments in which an agent with private information can acquire arbitrary hard evidence about his type before interacting with a principal. In a broad class of screening models, I show that there is always ...

Title:Harsanyi's utilitarian theorem : a simpler proof and some ethical connotations Author(s):HAMMOND, Peter J.Date:1991Type:Working PaperSeries/Number:EUI ECO; 1991/32

Title:Has the Euro-Mediterranean partnership affected Mediterranean business cycles? Author(s):CANOVA, Fabio

; SCHLAEPFER, AlainDate:2014Type:Working PaperSeries/Number:CEPR Discussion Paper; 2014/10023Abstract:We date turning points of the reference cycle for 19 Mediterranean countries and analyze their structure and interdependencies. Fluctuations are volatile and not highly correlated across countries; recessions are deep but ...

Title:Has the Euro-Mediterranean partnership affected Mediterranean business cycles? Author(s):CANOVA, Fabio

; SCHLAEPFER, AlainDate:2012Type:Working PaperSeries/Number:Barcelona GSE Working Paper; 2012/548Abstract:We date turning points of the reference cycle for 19 countries in the Mediterranean, for selected regions, and for the area. Cycles phases are asymmetric, with expansions lasting, on average, much longer than recessions. ...

Title:Has the fed responded to house and stock prices? : a time-varying analysis Author(s):AASTVEIT, Knut Are; FURLANETTO, Francesco; LORIA, Francesca

Date:2017Type:Working PaperSeries/Number:Norges Bank Working Paper; 2017/01Abstract:In this paper we use a structural VAR model with time-varying parameters and stochastic volatility to investigate whether the Federal Reserve has responded systematically to asset prices and whether this response has changed ...