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    <title><![CDATA[Research Library - White Papers, Webcasts and Case Studies - TechRepublic ]]></title>
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            <item>
        <title><![CDATA[Training Or Search? Evidence And An Equilibrium Model]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/training-or-search-evidence-and-an-equilibrium-model/2945275]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[Training programs are a major tool of labor market policies in OECD countries. The author uses a unique panel data set on the labor market experience of individual German workers between 2000 and...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/training-or-search-evidence-and-an-equilibrium-model/2945275]]></guid>
        <pubDate>Thu, 23 Jun 2011 22:01:59 -0700</pubDate>
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            <item>
        <title><![CDATA[Discretionary Monetary Policy In The Calvo Model]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/discretionary-monetary-policy-in-the-calvo-model/2945271]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[The authors study discretionary equilibrium in the Calvo pricing model for a monetary authority that chooses the money supply. The steady-state inflation rate is above eight percent for a baseline...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/discretionary-monetary-policy-in-the-calvo-model/2945271]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:59:56 -0700</pubDate>
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            <item>
        <title><![CDATA[Impulse Response Identification In DSGE Models]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/impulse-response-identification-in-dsge-models/2945269]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[Dynamic Stochastic General Equilibrium (DSGE) models have become a widely used tool for policymakers. This paper modifies the global identification theory used for structural vector...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/impulse-response-identification-in-dsge-models/2945269]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:58:55 -0700</pubDate>
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        <title><![CDATA[Structural Macro-Econometric Modelling In A Policy Environment]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/structural-macro-econometric-modelling-in-a-policy-environment/2945267]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[In this paper, the authors review the evolution of macroeconomic modelling in a policy environment that took place over the past sixty years. They identify and characterise four generations of...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/structural-macro-econometric-modelling-in-a-policy-environment/2945267]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:57:53 -0700</pubDate>
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            <item>
        <title><![CDATA[Unfunded Liabilities And Uncertain Fiscal Financing]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/unfunded-liabilities-and-uncertain-fiscal-financing/2945265]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[A rational expectations framework is developed to study the consequences of alternative means to resolve the &quot;Unfunded liabilities&quot; problem - unsustainable exponential growth in federal Social...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/unfunded-liabilities-and-uncertain-fiscal-financing/2945265]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:56:52 -0700</pubDate>
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            <item>
        <title><![CDATA[Robust Control, Informational Frictions, And International Consumption Correlations]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/robust-control-informational-frictions-and-international-consumption-correlations/2945257]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[In this paper, the authors examine the effects of two types of information imperfections, RoBustness (RB) and finite information-processing capacity (called Rational Inattention or RI), on...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/robust-control-informational-frictions-and-international-consumption-correlations/2945257]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:52:47 -0700</pubDate>
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            <item>
        <title><![CDATA[Robustness, Information-Processing Constraints, And The Current Account In Small Open Economies]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/robustness-information-processing-constraints-and-the-current-account-in-small-open-economies/2945255]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[The authors examine the effects of two types of informational frictions, RoBustness (RB) and finite information-processing capacity (called Rational Inattention or RI) on the current account, in...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/robustness-information-processing-constraints-and-the-current-account-in-small-open-economies/2945255]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:51:45 -0700</pubDate>
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            <item>
        <title><![CDATA[Mind The (Approximation) Gap: A Robustness Analysis]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/mind-the-approximation-gap-a-robustness-analysis/2945251]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper continues the discussion of the results reported by Ricardo Caballero and Eduardo Engel (1993), hereafter CE, and Ricardo Caballero, Eduardo Engel, and John Haltiwanger (1997),...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/mind-the-approximation-gap-a-robustness-analysis/2945251]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:49:43 -0700</pubDate>
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            <item>
        <title><![CDATA[Yield Curve In An Estimated Nonlinear Macro Model]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/yield-curve-in-an-estimated-nonlinear-macro-model/2945249]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper estimates a sticky price macro model with US macro and term structure data using Bayesian methods. The model is solved by a nonlinear method. The authors find that the degree of nominal...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/yield-curve-in-an-estimated-nonlinear-macro-model/2945249]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:48:41 -0700</pubDate>
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            <item>
        <title><![CDATA[Real-Time Density Forecasts From VARs With Stochastic Volatility]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/real-time-density-forecasts-from-vars-with-stochastic-volatility/2945243]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[Central banks and other forecasters are increasingly interested in various aspects of density forecasts. However, recent sharp changes in macroeconomic volatility - such as the Great Moderation...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/real-time-density-forecasts-from-vars-with-stochastic-volatility/2945243]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:45:37 -0700</pubDate>
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            <item>
        <title><![CDATA[Reply To Generalizing The Taylor Principle: A Comment]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/reply-to-generalizing-the-taylor-principle-a-comment/2945241]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[By Troy Davig and Eric M. Leeper (RWP09-09 June 2009) Farmer, Waggoner, and Zha (2009) show that a new Keynesian model with a regime-switching monetary policy rule can support multiple solutions...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/reply-to-generalizing-the-taylor-principle-a-comment/2945241]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:44:36 -0700</pubDate>
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            <item>
        <title><![CDATA[In-Sample Tests Of Predictive Ability: A New Approach]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/in-sample-tests-of-predictive-ability-a-new-approach/2945239]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper presents analytical, Monte Carlo, and empirical evidence linking in-sample tests of predictive content and out-of-sample forecast accuracy. The authors' approach focuses on the negative...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/in-sample-tests-of-predictive-ability-a-new-approach/2945239]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:43:34 -0700</pubDate>
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            <item>
        <title><![CDATA[Nested Forecast Model Comparisons: A New Approach To Testing Equal Accuracy]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/nested-forecast-model-comparisons-a-new-approach-to-testing-equal-accuracy/2945237]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper develops bootstrap methods for testing whether, in a finite sample, competing out-of-sample forecasts from nested models are equally accurate. Most prior work on forecast tests for...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/nested-forecast-model-comparisons-a-new-approach-to-testing-equal-accuracy/2945237]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:42:33 -0700</pubDate>
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            <item>
        <title><![CDATA[The Economics Of Payment Card Fee Structure: What Is The Optimal Balance Between Merchant Fee And Payment Card Rewards?]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/the-economics-of-payment-card-fee-structure-what-is-the-optimal-balance-between-merchant-fee-and-payment-card-rewards/2945227]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper theoretically considers the optimal balance between the merchant fee and the cardholder fee (rewards) from both efficiency and equity perspectives. First, the paper constructs the...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/the-economics-of-payment-card-fee-structure-what-is-the-optimal-balance-between-merchant-fee-and-payment-card-rewards/2945227]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:37:26 -0700</pubDate>
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            <item>
        <title><![CDATA[The Economics Of Payment Card Fee Structure: What Drives Payment Card Rewards?]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/the-economics-of-payment-card-fee-structure-what-drives-payment-card-rewards/2945225]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper investigates potential market forces that cause payment card rewards even when providing payment card rewards is not the most efficient. Three factors-oligopolistic merchants,...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/the-economics-of-payment-card-fee-structure-what-drives-payment-card-rewards/2945225]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:36:25 -0700</pubDate>
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            <item>
        <title><![CDATA[Long Run Risks In The Term Structure Of Interest Rates: Estimation]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/long-run-risks-in-the-term-structure-of-interest-rates-estimation/2945223]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[Using Bayesian methods, this paper estimates a model in which persistent fluctuations in expected consumption growth, expected inflation, and their time-varying volatility determine asset price...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/long-run-risks-in-the-term-structure-of-interest-rates-estimation/2945223]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:35:23 -0700</pubDate>
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        <title><![CDATA[Why Do Card Issuers Charge Proportional Fees?]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/why-do-card-issuers-charge-proportional-fees/2945221]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper explains why payment card companies charge consumers and merchants fees which are proportional to the transaction values instead of charging a fixed per-transaction fee. The authors'...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/why-do-card-issuers-charge-proportional-fees/2945221]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:34:22 -0700</pubDate>
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        <title><![CDATA[The Potential Role Of Subordinated Debt Programs In Enhancing Market Discipline In Banking]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/the-potential-role-of-subordinated-debt-programs-in-enhancing-market-discipline-in-banking/2945211]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[Previous studies have found that subordinated debt (sub-debt) markets do differentiate between banks with different risk profiles. This finding satisfies a necessary condition for regulatory...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/the-potential-role-of-subordinated-debt-programs-in-enhancing-market-discipline-in-banking/2945211]]></guid>
        <pubDate>Thu, 23 Jun 2011 21:29:12 -0700</pubDate>
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        <title><![CDATA[Learning About Monetary Policy Rules When Labor Market Search And Matching Frictions Matter]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/learning-about-monetary-policy-rules-when-labor-market-search-and-matching-frictions-matter/2844007]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[This paper examines implications of incorporating labor market search and matching frictions into a sticky price model for determinacy and E-stability of Rational Expectations Equilibrium (REE)...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/learning-about-monetary-policy-rules-when-labor-market-search-and-matching-frictions-matter/2844007]]></guid>
        <pubDate>Mon, 04 Apr 2011 10:57:51 -0700</pubDate>
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        <title><![CDATA[Entrepreneurial Risk Choice And Credit Market Equilibria]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/entrepreneurial-risk-choice-and-credit-market-equilibria/2565893]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[The authors analyze under what conditions credit markets are efficient in providing loans to entrepreneurs who can start a new project after previous failure. An entrepreneur of uncertain talent...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/entrepreneurial-risk-choice-and-credit-market-equilibria/2565893]]></guid>
        <pubDate>Thu, 24 Feb 2011 07:51:57 -0800</pubDate>
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        <title><![CDATA[The Economics Of Payment Card Fee Structure: Policy Considerations Of Payment Card Rewards]]></title>
        <link><![CDATA[http://www.techrepublic.com/whitepapers/the-economics-of-payment-card-fee-structure-policy-considerations-of-payment-card-rewards/2560771]]></link>
        <s:doctype><![CDATA[White Papers]]></s:doctype>
        <description><![CDATA[In many countries, public authorities have intervened with the payment card industry in general and the payment card fee structure in particular. Some public policy interventions have directly...]]></description>
        <guid><![CDATA[http://www.techrepublic.com/whitepapers/the-economics-of-payment-card-fee-structure-policy-considerations-of-payment-card-rewards/2560771]]></guid>
        <pubDate>Tue, 22 Feb 2011 05:34:35 -0800</pubDate>
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