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modeling
(565 results)-
White Papers
Partial And Complete Equality-Of-Opportunity Orderings
Jun 2007
This paper proposes a partial equality-of-opportunity ordering based on the inequality-of opportunity curve, a mechanism that gives preference to those who are worse in terms of opportunity....
Provided by ECINEQ
-
White Papers
A Dynamic Model Of Search And Intermediation
Feb 2010
This paper develops a dynamic model of an economy with search frictions in which homogeneous agents choose between specializing as producers or as merchants, and can change occupation at any time....
Provided by University of New South Wales
-
White Papers
A Spillover-Based Theory Of Credentialism
Mar 2010
The author proposes a model in which credentials, such as diplomas, are intrinsically valuable; a situation described as credentials. The model overcomes an important criticism of signaling models...
Provided by University of New South Wales
-
White Papers
Quantifying Non-monotonicity In Productivity-Input Relations
Mar 2009
In this paper, the author presents a theory that unifies the role of demand and production to investigate conditions that make this relation a bell-shape. Under the optimality assumption and when...
Provided by University of New South Wales
-
White Papers
Out-Of-Sample Comparison Of Copula Specifications In Multivariate Density Forecasts
Oct 2008
The authors introduce a statistical test for comparing the predictive accuracy of competing copula specifications in multivariate density forecasts, based on the Kullback-Leibler Information...
Provided by University of New South Wales
-
White Papers
Accounting For Lifecycle Wealth Accumulation: The Role Of Housing Institution
Jul 2007
This paper constructs a quantitative general equilibrium lifecycle model with uninsurable labor income to account for the differences in the pattern of wealth accumulation across two countries,...
Provided by University of New South Wales
-
White Papers
Personality, Well-being And Heterogeneous Valuations Of Income And Work
Jul 2010
People differ in their basic levels of happiness and in the way they value income and work. Using Australian longitudinal data and a random coefficient approach, this paper investigates whether...
Provided by University of Melbourne
-
White Papers
The Effect Of Waiting Time And Distance On Hospital Choice For English Cataract Patients
Jul 2010
This paper applies latent-class and multinomial logit models to the choice of hospital for cataract operations in the UK NHS. The authors concentrate on the effects of travel time and waiting time...
Provided by University of Melbourne
-
White Papers
Does Labour Market Achievement Matter For The Wellbeing Of Australian Immigrants? Culture And Gender Differences
Jul 2009
This paper explores the Australian immigrants' job-life relationship by simultaneously estimating a bivariate ordered probit random effects panel model. The authors found that discrepancy between...
Provided by University of Melbourne
-
White Papers
Linking A Dynamic CGE Model And A Microsimulation Model: Climate Change Mitigation Policies And Income Distribution In Australia
Mar 2009
This paper extends the 'Top-down' framework, introduced by Robilliard et al. (2001), to link a Computable General Equilibrium (CGE) model to a micro simulation model. The proposed approach allows...
Provided by University of Melbourne
-
White Papers
A Bayesian Simulation Approach To Inference On A Multi-State Latent Factor Intensity Model
Aug 2008
This paper provides a Bayesian approach to inference on a multi-state latent factor intensity model to manage the problem of highly analytically intractable pdfs. The sampling algorithm used to...
Provided by University of Melbourne
-
White Papers
Predicting Short-Term Interest Rates: Does Bayesian Model Averaging Provide Forecast Improvement?
Jan 2011
This paper examines the forecasting qualities of Bayesian Model Averaging (BMA) over a set of single factor models of short-term interest rates. Using weekly and high frequency data for the...
Provided by University of Melbourne
-
White Papers
Cointegration, Long-Run Structural Modelling And Weak Exogeneity: Two Models Of The UK Economy
Mar 2010
Co-integration ideas as introduced by Granger in 1981 are commonly embodied in empirical macroeconomic modeling through the Vector Error Correction Model (VECM). It has become common practice in...
Provided by Elsevier B.V.
-
White Papers
A New Multi-Dimensional Framework For Analyzing Regional Integration: Regional Integration Evaluation (RIE) Methodology
May 2010
Theories of regional integration typically analyze the regional integration process from the perspective of a single discipline, usually economics. However, such one-dimensional analytical...
Provided by Asian Development Bank
-
White Papers
Evolution Of Theories Of Mind
May 2010
This paper studies the evolution of peoples' models of how other people think - their theories of mind. First, this is formalized within the level-k model, which postulates a hierarchy of types,...
Provided by Stockholm School of Economics
-
White Papers
Finding All Minimal CURB Sets
Dec 2009
Sets closed under rational behavior were introduced by the authors as subsets of the strategy space that contain all best replies to all strategy profiles in the set. They here consider a more...
Provided by Stockholm School of Economics
-
White Papers
Semiparametric Vector MEM
Sep 2008
In financial time series analysis the authors encounter several instances of non - negative valued processes which exhibit clustering and can be modeled as the product of a vector of conditionally...
Provided by New York University
-
White Papers
Using Samples Of Unequal Length In Generalized Method Of Moments Estimation
Jan 2008
Many applications in financial economics use data series with different starting or ending dates. This paper describes estimation methods, based on the Generalized Method of Moments (GMM), which...
Provided by New York University
-
White Papers
Fitting Vast Dimensional Time-Varying Covariance Models
Sep 2008
Building models for high dimensional portfolios is important in risk management and asset allocation. Here the authors propose a novel and fast way of estimating models of time-varying...
Provided by University of Oxford
-
White Papers
Investigating ICAPM With Dynamic Conditional Correlations
Feb 2008
This paper examines the intertemporal relation between expected return and risk for 30 stocks in the Dow Jones Industrial Average. The mean-reverting dynamic conditional correlation model of Engle...
Provided by New York University
-
White Papers
Fitting And Testing Vast Dimensional Time-Varying Covariance Models
Oct 2007
Building models for high dimensional portfolios is important in risk management and asset allocation. Here the authors propose a novel way of estimating models of time-varying covariance's that...
Provided by New York University
-
White Papers
Impact Of Merger Announcements On Shareholders~ Wealth: Evidence From Indian Private Sector Banks
Mar 2008
This paper analyses five mergers in the Indian banking sector to capture the returns to shareholders as a result of the merger announcements using the event study methodology. These are mergers of...
Provided by Vikalpa
-
White Papers
Entrepreneurial Process: A Personalistic-Cognitive Platform Model
Sep 2008
Entrepreneurship theories and research deal with a variety of behavioral and non-behavioral processes and issues that explain the nature of entrepreneurship in different ways. The advances made in...
Provided by Vikalpa
-
White Papers
Indian Model Of Executive Burnout
Jun 2007
Burnout is described as a state of depletion of a person's resources and energy resulting in apathetic and impassive behavior towards others, having dysfunctional repercussions on the individual...
Provided by Vikalpa
-
White Papers
Estimation And Evaluation Of DSGE Models: Progress And Challenges
Feb 2011
Estimated Dynamic Stochastic Equilibrium (DSGE) models are now widely used for empirical research in macroeconomics as well as for quantitative policy analysis and forecasting at central banks...
Provided by National Bureau of Economic Research
-
White Papers
Forecasts In A Slightly Misspecified Finite Order VAR
Jan 2011
The authors propose a Bayesian procedure for exploiting small, possibly long-lag linear predictability in the innovations of a finite order auto regression. They model the innovations as having a...
Provided by National Bureau of Economic Research
-
Whitepapers
Analyst brief: IBM System x servers can help reduce TCO
Mar 2011
According to Clipper Group analysts, data centers around the world have become choked with inefficient and poorly managed servers; servers that are only being utilized at 15% to 20% of their...
Provided by IBM
-
Whitepapers
Network and communications solutions for virtualization and consolidation
Mar 2011
Many organizations are turning to virtualization and consolidation of server and storage resources to help improve efficiency and performance in the data center. These solutions can help you...
Provided by IBM
-
Whitepapers
The Green Data Center
Mar 2011
With data center energy usage rising - perhaps as much as doubling over a recent five year period, the importance of efficiency is rising significantly. IT and business leaders are looking at...
Provided by IBM
-
Whitepapers
Site and facilities services from IBM
Mar 2011
Ideally, data center deployment should optimize availability, scalability, recoverability and agility—while also reducing risks. Site and facilities services from IBM provides a cost-effective and...
Provided by IBM
-
Whitepapers
A healthcare system improves care with a resilient data center
Mar 2011
To support its many facilities, PeaceHealth put in place three data centers to host its IT systems. But increasing patient levels and operating workloads were making it difficult for these sites...
Provided by IBM
-
Whitepapers
Is your data center ready for cloud computing?
Mar 2011
As you evaluate your datacenter and the future of your IT infrastructure, you may be looking at cloud computing as an option for your IT. Listen to this IBM podcast to: • Learn how to evaluate...
Provided by IBM
-
White Papers
Assessing Visitor Satisfaction With Tourism Rejuvenation Policies: The Case Of Rimini, Italy
Nov 2007
In this paper the authors assess the appeal of potential interventions on the tourism offer of Rimini, a popular Italian seaside holiday destination, by means of a choice modeling analysis....
Provided by Centre For North South Economic Research
-
White Papers
Rational-Expectations Equilibrium In Intermediate Good Markets
Feb 2010
The authors analyze a rational-expectations model of information acquisition and price formation in an intermediate good market: prices and net supply are non-negative, there are no noise traders,...
Provided by National Bureau of Economic Research
-
White Papers
Testing The Correlated Random Coefficient Model
Oct 2009
The recent literature on Instrumental Variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels....
Provided by National Bureau of Economic Research
-
White Papers
Nonparametric Identification Of Multinomial Choice Demand Models With Heterogeneous Consumers
Mar 2010
The authors consider identification of nonparametric random utility models of multinomial choice using "Micro data," i.e., observation of the characteristics and choices of individual consumers....
Provided by National Bureau of Economic Research
-
White Papers
Numerically Stable Stochastic Simulation Approaches For Solving Dynamic Economic Models
Aug 2009
The authors develop numerically stable stochastic simulation approaches for solving dynamic economic models. They rely on standard simulation procedures to simultaneously compute an ergodic...
Provided by National Bureau of Economic Research
-
White Papers
A Search Cost Model Of Obfuscation
Aug 2009
This paper develops search-theoretic models in which it is individually rational for firms to engage in obfuscation. It considers oligopoly competition between firms selling a homogeneous good to...
Provided by National Bureau of Economic Research
-
White Papers
Identifying Heterogeneity In Economic Choice Models
Jul 2009
The authors show how to nonparametrically identify the distribution that characterizes heterogeneity among agents in a general class of structural choice models. They introduce an axiom that they...
Provided by National Bureau of Economic Research
-
White Papers
Computing DSGE Models With Recursive Preferences
Jun 2009
This paper compares different solution methods for computing the equilibrium of Dynamic Stochastic General Equilibrium (DSGE) models with recursive preferences such as those in Epstein and Zin...
Provided by National Bureau of Economic Research
-
White Papers
The Long Shadow Of Income On Trustworthiness
Mar 2011
The authors employ a behavioural measure of trustworthiness obtained from an experiment carried out with a sample of the general British population whose individuals were extensively interviewed...
Provided by Institute for the Study of Labor
-
White Papers
Overcoming Eight Common Power Management Challenges
Sep 2011
Using outdated, standalone software from multiple vendors to monitor and manage uninterruptible power systems (UPSs), power distribution units (PDUs) and other crucial power quality devices can...
Provided by Eaton
-
White Papers
Increase The Efficiency Of Power Distribution In Your High-Density Data Center
Sep 2011
As power density in modern data centers has increased, IT pros are increasingly focused on ensuring efficiency in their power distribution infrastructure. This paper explores a variety of...
Provided by Eaton
-
White Papers
What Drives Taxi Drivers? A Field Experiment On Fraud In A Market For Credence Goods
May 2011
Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behavior by sellers. This paper presents the results of a natural field...
Provided by Institute for the Study of Labor
-
White Papers
Can Robbery And Other Theft Help Explain The Textbook Currency-Demand Puzzle? Two Dreadful Models Of Money Demand With An Endogenous Probability Of Crime
Mar 2008
This paper attempts to explain one version of an empirical puzzle noted by Mankiw (2003): a Baumol-Tobin inventory-theoretic money demand equation predicts that the average U.S. adult should have...
Provided by Levy Economics Institute
-
White Papers
Hypothetical Integration In A Social Accounting Matrix And Fixed-Price Multiplier Analysis
Dec 2008
This paper proposes a simple modification to a Social Accounting Matrix (SAM) in order to analyze the multiplier effects of a new sector. A different input composition, or technology, of the...
Provided by Levy Economics Institute
-
White Papers
A Steady-state Model Of A Non-Walrasian Economy With Three Imperfect Markets
Jun 2011
Unemployment may depend on equilibrium in other markets than the labor markets. This paper addresses this old idea by introducing search frictions on several markets: in a model of credit and...
Provided by Institute for the Study of Labor
-
White Papers
Contractual Dualism, Market Power And Informality
Jul 2011
Two stylized representations are often found in the academic and policy literature on informality and formality in developing countries. The first is that the informal (or unregulated) sector is...
Provided by Institute for the Study of Labor
-
White Papers
Socio-spatial Mobility In British Society
Jul 2011
The research reported in this paper examines the nature and extent of socio-spatial mobility in the United Kingdom. In contrast with previous studies, the authors do not only investigate who moves...
Provided by Institute for the Study of Labor
-
White Papers
The Empirical Content Of Models With Multiple Equilibria In Economies With Social Interactions
Jul 2011
The authors study a general class of models with social interactions that might display multiple equilibria. They propose an estimation procedure for these models and evaluate its efficiency and...
Provided by National Bureau of Economic Research
-
White Papers
Sources Of Entropy In Representative Agent Models
Jul 2011
The authors propose two metrics for asset pricing models and apply them to representative agent models with recursive preferences, habits, and jumps. The metrics describe the pricing kernel's...
Provided by National Bureau of Economic Research
-
White Papers
A Dynamic Model Of Demand For Houses And Neighborhoods
Jul 2011
The authors develop a tractable model of neighborhood choice in a dynamic setting along with a computationally straightforward estimation approach. This approach uses information about...
Provided by National Bureau of Economic Research
-
White Papers
Trade Policy Making In A Model Of Legislative Bargaining
Jul 2011
In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with this observation, the authors construct a dynamic model of legislative trade...
Provided by National Bureau of Economic Research
-
White Papers
A Simple Nonparametric Approach To Estimating The Distribution Of Random Coefficients In Structural Models
Aug 2011
The authors explore a nonparametric mixtures estimator for recovering the joint distribution of random coefficients in economic models. The estimator is based on linear regression subject to...
Provided by National Bureau of Economic Research
-
White Papers
Equilibrium Wage And Employment Dynamics In A Model Of Wage Posting Without Commitment
Aug 2011
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the...
Provided by National Bureau of Economic Research
-
White Papers
Optimization is for the Clouds
Aug 2011
The cloud works best when it's invisible to end-users. For many scenarios it's an ideal deployment model—but one that can introduce network-related performance and productivity problems. Solving...
Provided by Riverbed
-
Whitepapers
IBM DB2's Maturing Oracle Compatibility Presents Opportunities, With Some Limitations - Gartner
Aug 2011
Oracle customers who wish to assess compatible alternatives will find that IBM's DB2 compatibility has continued to mature and add features. Understanding its strengths and weaknesses is key to...
Provided by IBM
-
White Papers
IT Essentials for Data Center Trends and Innovations
Aug 2011
Once upon a time, the words "data center" described a pretty common facility, regardless of industry or enterprise. Today, however, the words "data center" can describe an overheated small closet...
Provided by TechRepublic
-
Whitepapers
Clipper Group Analyst Paper on SVC
Jul 2011
The typical data center is in the midst of radical change, consolidating under-utilized server sprawl onto fewer, more efficient multi-core platforms. Read this white paper to see how Solid State...
Provided by IBM
-
White Papers
The Barter Method: A New Heuristic For Global Optimization And Its Comparison With The Particle Swarm And The Differential Evolution Methods
Nov 2007
The objective of this paper is to introduce a new population-based (stochastic) heuristic to search the global optimum of a (continuous) multi-modal function and to assess its performance (on a...
Provided by Munich Personal Repec Archive
-
White Papers
Ex Ante Randomization In Agency Models
Dec 2010
The authors consider how a principal can use randomized strategies in designing optimal contracts in agency settings. They distinguish between ex post randomization (over fee schedules following...
Provided by JSTOR
-
White Papers
An Approach To Communication Equilibrium
Dec 2010
The Nash equilibrium concept may be extended gradually when the rules of the game are interpreted in a wider and wider sense, so as to allow preplay or even intraplay communication. A well-known...
Provided by JSTOR
-
White Papers
Invariant Distributions And The Limiting Behavior Of Markovian Economic Models
Dec 2010
Equilibria in stochastic economic models are often time series which fluctuate in complex ways. But it is sometimes possible to summarize the long run, average characteristics of these...
Provided by JSTOR
-
White Papers
Altruism, Partner Choice, And Fixed-cost Signalling
Jul 2008
The authors consider a multitype population model with unobservable types, in which players are engaged in the 'Mutual help' game: each player can increase her partner's fitness at a cost to...
Provided by Hebrew University of Jerusalem
-
White Papers
Robust Implementation In Direct Mechanisms
Jan 2009
A social choice function is robustly implementable if there is a mechanism under which the process of iteratively eliminating strictly dominated messages leads to outcomes that agree with the...
Provided by Yale University
-
White Papers
How Exposure To Markets Can Favor Inequity-averse Preferences
Oct 2008
Outside the group selection framework, this paper shows how in the presence of general equilibrium effects non-individualistic preferences can be individual …fitness maximizing. The authors...
Provided by Stockholm School of Economics
-
White Papers
Strong Bubbles And Common Expected Bubbles In A Finite Horizon Model
Nov 2010
An expected bubble is said to exist if it is mutual knowledge that the price of the asset is higher than the expected dividend. Similarly we call it a strong bubble if everyone knows that the...
Provided by Washington University in St. Louis
-
White Papers
Optimal Auction Design Under Non-commitment
Dec 2007
This paper characterizes revenue maximizing auctions for a finite horizon version of the standard IV P model of Myerson (1981) for a seller who cannot commit not to propose a new mechanism, if...
Provided by Stern School of Business
-
White Papers
Quality, Upgrades, And Equilibrium In A Dynamic Monopoly Model
May 2009
The authors examine an infinite horizon model of quality growth in a durable goods monopoly market. The monopolist generates new quality improvements over time and can sell any available...
Provided by Duke University
-
White Papers
Opinion Fluctuations And Disagreement In Social Networks
Sep 2010
The authors study a stochastic gossip model of continuous opinion dynamics in a society consisting of two types of agents: regular agents, who update their beliefs according to information that...
Provided by Massachusetts Institute of Technology
-
White Papers
Verifiability And Group Formation In Markets
Oct 2010
The authors consider group formation with asymmetric information. Agents have unverifiable characteristics as well as the verifiable qualifications required for memberships in groups. The...
Provided by UC Regents
-
White Papers
Indeterminacy In A Forward-looking Regime-switching Model
Sep 2007
This paper is about the properties of Markov-Switching Rational Expectations (MSRE) models. The authors discuss possible solution concepts for MSRE models, distinguishing between stationary and...
Provided by Federal Reserve Bank of Atlanta
-
White Papers
A Sparsity-Based Model Of Bounded Rationality
Mar 2011
This paper proposes a model in which the decision maker builds an optimally simplified representation of the world which is "Sparse," i.e., uses few parameters that are non-zero. Sparsity is...
Provided by National Bureau of Economic Research
-
White Papers
Efficient Estimation Of Data Combination Models By The Method Of Auxiliary-To-Study Tilting
Apr 2011
The authors propose a locally efficient, doubly robust, estimator for a class of semiparametric data combination problems. A leading estimand in this class is the Average Treatment effect on the...
Provided by National Bureau of Economic Research
-
White Papers
Testable Implications Of Affine Term Structure Models
Apr 2011
Affine term structure models have been used to address a wide range of questions in macroeconomics and finance. This paper investigates a number of their testable implications which have not...
Provided by National Bureau of Economic Research
-
White Papers
Why Surplus Consumption In The Habit Model May Be Less Persistent Than You Think
Apr 2011
In U.S. data, value stocks have higher expected excess returns and higher CAPM alphas than growth stocks. The authors find the external-habit model of Campbell and Cochrane (1999) can generate a...
Provided by National Bureau of Economic Research
-
White Papers
Bayesian Semiparametric Stochastic Volatility Modeling
Jun 2008
This paper extends the existing fully parametric Bayesian literature on stochastic volatility to allow for more general return distributions. Instead of specifying a particular distribution for...
Provided by Federal Reserve Bank of Atlanta
-
White Papers
Generalizing The Taylor Principle: Comment
Sep 2008
Davig and Leeper (2007) have proposed a condition they call the generalized Taylor principle to rule out indeterminate equilibria in a version of the New Keynesian model, where the parameters of...
Provided by Federal Reserve Bank of Atlanta
-
White Papers
Minimal State Variable Solutions To Markov-switching Rational Expectations Models
Oct 2008
The authors develop a new method for computing Minimal State Variable solutions (MSV) to Markovswitching rational expectations models. They provide an algorithm to compute an MSV solution and show...
Provided by Federal Reserve Bank of Atlanta
-
White Papers
Further Results On The Limiting Distribution Of GMM Sample Moment Conditions
Jul 2010
In this paper, the authors extend the results in Hansen (1982) regarding the asymptotic distribution of Generalized Method of Moments (GMM) sample moment conditions. In particular, they show that...
Provided by Federal Reserve Bank of Atlanta
-
White Papers
A Dynamic Model Of Search And Intermediation
Feb 2010
This paper develops a dynamic model of an economy with search frictions in which homogeneous agents choose between specializing as producers or as merchants, and can change occupation at any time....
Provided by University of New South Wales
-
White Papers
A Spillover-Based Theory Of Credentialism
Mar 2010
The author proposes a model in which credentials, such as diplomas, are intrinsically valuable; a situation described as credentials. The model overcomes an important criticism of signaling models...
Provided by University of New South Wales
-
White Papers
Quantifying Non-monotonicity In Productivity-Input Relations
Mar 2009
In this paper, the author presents a theory that unifies the role of demand and production to investigate conditions that make this relation a bell-shape. Under the optimality assumption and when...
Provided by University of New South Wales
-
White Papers
Out-Of-Sample Comparison Of Copula Specifications In Multivariate Density Forecasts
Oct 2008
The authors introduce a statistical test for comparing the predictive accuracy of competing copula specifications in multivariate density forecasts, based on the Kullback-Leibler Information...
Provided by University of New South Wales
-
White Papers
Accounting For Lifecycle Wealth Accumulation: The Role Of Housing Institution
Jul 2007
This paper constructs a quantitative general equilibrium lifecycle model with uninsurable labor income to account for the differences in the pattern of wealth accumulation across two countries,...
Provided by University of New South Wales
-
White Papers
Personality, Well-being And Heterogeneous Valuations Of Income And Work
Jul 2010
People differ in their basic levels of happiness and in the way they value income and work. Using Australian longitudinal data and a random coefficient approach, this paper investigates whether...
Provided by University of Melbourne
-
White Papers
The Effect Of Waiting Time And Distance On Hospital Choice For English Cataract Patients
Jul 2010
This paper applies latent-class and multinomial logit models to the choice of hospital for cataract operations in the UK NHS. The authors concentrate on the effects of travel time and waiting time...
Provided by University of Melbourne
-
White Papers
Does Labour Market Achievement Matter For The Wellbeing Of Australian Immigrants? Culture And Gender Differences
Jul 2009
This paper explores the Australian immigrants' job-life relationship by simultaneously estimating a bivariate ordered probit random effects panel model. The authors found that discrepancy between...
Provided by University of Melbourne
-
White Papers
Linking A Dynamic CGE Model And A Microsimulation Model: Climate Change Mitigation Policies And Income Distribution In Australia
Mar 2009
This paper extends the 'Top-down' framework, introduced by Robilliard et al. (2001), to link a Computable General Equilibrium (CGE) model to a micro simulation model. The proposed approach allows...
Provided by University of Melbourne
-
White Papers
A Bayesian Simulation Approach To Inference On A Multi-State Latent Factor Intensity Model
Aug 2008
This paper provides a Bayesian approach to inference on a multi-state latent factor intensity model to manage the problem of highly analytically intractable pdfs. The sampling algorithm used to...
Provided by University of Melbourne
-
White Papers
Predicting Short-Term Interest Rates: Does Bayesian Model Averaging Provide Forecast Improvement?
Jan 2011
This paper examines the forecasting qualities of Bayesian Model Averaging (BMA) over a set of single factor models of short-term interest rates. Using weekly and high frequency data for the...
Provided by University of Melbourne
-
White Papers
Cointegration, Long-Run Structural Modelling And Weak Exogeneity: Two Models Of The UK Economy
Mar 2010
Co-integration ideas as introduced by Granger in 1981 are commonly embodied in empirical macroeconomic modeling through the Vector Error Correction Model (VECM). It has become common practice in...
Provided by Elsevier B.V.
-
White Papers
A New Multi-Dimensional Framework For Analyzing Regional Integration: Regional Integration Evaluation (RIE) Methodology
May 2010
Theories of regional integration typically analyze the regional integration process from the perspective of a single discipline, usually economics. However, such one-dimensional analytical...
Provided by Asian Development Bank
-
White Papers
Evolution Of Theories Of Mind
May 2010
This paper studies the evolution of peoples' models of how other people think - their theories of mind. First, this is formalized within the level-k model, which postulates a hierarchy of types,...
Provided by Stockholm School of Economics
-
White Papers
Finding All Minimal CURB Sets
Dec 2009
Sets closed under rational behavior were introduced by the authors as subsets of the strategy space that contain all best replies to all strategy profiles in the set. They here consider a more...
Provided by Stockholm School of Economics
-
White Papers
Semiparametric Vector MEM
Sep 2008
In financial time series analysis the authors encounter several instances of non - negative valued processes which exhibit clustering and can be modeled as the product of a vector of conditionally...
Provided by New York University
-
White Papers
Using Samples Of Unequal Length In Generalized Method Of Moments Estimation
Jan 2008
Many applications in financial economics use data series with different starting or ending dates. This paper describes estimation methods, based on the Generalized Method of Moments (GMM), which...
Provided by New York University
-
White Papers
Fitting Vast Dimensional Time-Varying Covariance Models
Sep 2008
Building models for high dimensional portfolios is important in risk management and asset allocation. Here the authors propose a novel and fast way of estimating models of time-varying...
Provided by University of Oxford
-
White Papers
Investigating ICAPM With Dynamic Conditional Correlations
Feb 2008
This paper examines the intertemporal relation between expected return and risk for 30 stocks in the Dow Jones Industrial Average. The mean-reverting dynamic conditional correlation model of Engle...
Provided by New York University
-
White Papers
Fitting And Testing Vast Dimensional Time-Varying Covariance Models
Oct 2007
Building models for high dimensional portfolios is important in risk management and asset allocation. Here the authors propose a novel way of estimating models of time-varying covariance's that...
Provided by New York University
-
White Papers
Impact Of Merger Announcements On Shareholders~ Wealth: Evidence From Indian Private Sector Banks
Mar 2008
This paper analyses five mergers in the Indian banking sector to capture the returns to shareholders as a result of the merger announcements using the event study methodology. These are mergers of...
Provided by Vikalpa
-
White Papers
Entrepreneurial Process: A Personalistic-Cognitive Platform Model
Sep 2008
Entrepreneurship theories and research deal with a variety of behavioral and non-behavioral processes and issues that explain the nature of entrepreneurship in different ways. The advances made in...
Provided by Vikalpa
-
White Papers
Indian Model Of Executive Burnout
Jun 2007
Burnout is described as a state of depletion of a person's resources and energy resulting in apathetic and impassive behavior towards others, having dysfunctional repercussions on the individual...
Provided by Vikalpa
-
White Papers
Estimation And Evaluation Of DSGE Models: Progress And Challenges
Feb 2011
Estimated Dynamic Stochastic Equilibrium (DSGE) models are now widely used for empirical research in macroeconomics as well as for quantitative policy analysis and forecasting at central banks...
Provided by National Bureau of Economic Research
-
White Papers
Forecasts In A Slightly Misspecified Finite Order VAR
Jan 2011
The authors propose a Bayesian procedure for exploiting small, possibly long-lag linear predictability in the innovations of a finite order auto regression. They model the innovations as having a...
Provided by National Bureau of Economic Research
-
Whitepapers
Analyst brief: IBM System x servers can help reduce TCO
Mar 2011
According to Clipper Group analysts, data centers around the world have become choked with inefficient and poorly managed servers; servers that are only being utilized at 15% to 20% of their...
Provided by IBM
-
Whitepapers
Network and communications solutions for virtualization and consolidation
Mar 2011
Many organizations are turning to virtualization and consolidation of server and storage resources to help improve efficiency and performance in the data center. These solutions can help you...
Provided by IBM
-
Whitepapers
The Green Data Center
Mar 2011
With data center energy usage rising - perhaps as much as doubling over a recent five year period, the importance of efficiency is rising significantly. IT and business leaders are looking at...
Provided by IBM
-
Whitepapers
Site and facilities services from IBM
Mar 2011
Ideally, data center deployment should optimize availability, scalability, recoverability and agility—while also reducing risks. Site and facilities services from IBM provides a cost-effective and...
Provided by IBM
-
Whitepapers
A healthcare system improves care with a resilient data center
Mar 2011
To support its many facilities, PeaceHealth put in place three data centers to host its IT systems. But increasing patient levels and operating workloads were making it difficult for these sites...
Provided by IBM
-
Whitepapers
Is your data center ready for cloud computing?
Mar 2011
As you evaluate your datacenter and the future of your IT infrastructure, you may be looking at cloud computing as an option for your IT. Listen to this IBM podcast to: • Learn how to evaluate...
Provided by IBM
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White Papers
Assessing Visitor Satisfaction With Tourism Rejuvenation Policies: The Case Of Rimini, Italy
Nov 2007
In this paper the authors assess the appeal of potential interventions on the tourism offer of Rimini, a popular Italian seaside holiday destination, by means of a choice modeling analysis....
Provided by Centre For North South Economic Research
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White Papers
Rational-Expectations Equilibrium In Intermediate Good Markets
Feb 2010
The authors analyze a rational-expectations model of information acquisition and price formation in an intermediate good market: prices and net supply are non-negative, there are no noise traders,...
Provided by National Bureau of Economic Research
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White Papers
Testing The Correlated Random Coefficient Model
Oct 2009
The recent literature on Instrumental Variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels....
Provided by National Bureau of Economic Research
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White Papers
Nonparametric Identification Of Multinomial Choice Demand Models With Heterogeneous Consumers
Mar 2010
The authors consider identification of nonparametric random utility models of multinomial choice using "Micro data," i.e., observation of the characteristics and choices of individual consumers....
Provided by National Bureau of Economic Research
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White Papers
Numerically Stable Stochastic Simulation Approaches For Solving Dynamic Economic Models
Aug 2009
The authors develop numerically stable stochastic simulation approaches for solving dynamic economic models. They rely on standard simulation procedures to simultaneously compute an ergodic...
Provided by National Bureau of Economic Research
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White Papers
A Search Cost Model Of Obfuscation
Aug 2009
This paper develops search-theoretic models in which it is individually rational for firms to engage in obfuscation. It considers oligopoly competition between firms selling a homogeneous good to...
Provided by National Bureau of Economic Research
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White Papers
Identifying Heterogeneity In Economic Choice Models
Jul 2009
The authors show how to nonparametrically identify the distribution that characterizes heterogeneity among agents in a general class of structural choice models. They introduce an axiom that they...
Provided by National Bureau of Economic Research
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White Papers
Computing DSGE Models With Recursive Preferences
Jun 2009
This paper compares different solution methods for computing the equilibrium of Dynamic Stochastic General Equilibrium (DSGE) models with recursive preferences such as those in Epstein and Zin...
Provided by National Bureau of Economic Research
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White Papers
Anticipated Alternative Instrument-Rate Paths In Policy Simulations
Apr 2009
This paper specifies a new convenient algorithm to construct policy projections conditional on alternative anticipated policy-rate paths in linearized Dynamic Stochastic General Equilibrium (DSGE)...
Provided by National Bureau of Economic Research
