Unemployment and Hysteresis: A Nonlinear Unobserved Components A Nonlinear Unobserved Components A Nonlinear Unobserved Components A Nonlinear Unobserved Components A Nonlinear Unobserved Components Approach [PDF]
A new test for hysteresis based on a nonlinear unobserved components model is proposed. Observed unemployment rates are decomposed into a natural rate component and a cyclical component.
Silvestro DI SANZO, Alicia PEREZ-ALONSO
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Cross-Sectional Dependence Robust Block Bootstrap Panel Unit Root Tests [PDF]
In this paper we consider the issue of unit root testing in cross-sectionally dependent panels. We consider panels that may be characterized by various forms of cross-sectionaldependence including (but not exclusive to) the popular common factor ...
Smeekes, Stephan +2 more
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This study aims to evaluate the performance of group-specific resampling in a truncated spline-based semiparametric multigroup path analysis model with heterogeneous relationship structures across groups.
Mujiono Mujiono +4 more
core +1 more source
Hypothesis Testing in the Presence of One-sided Nuisance Parameters [PDF]
In this paper, we investigate whether similar improvements are observed when we have a non-sample information regarding the nuisance parameters in the testing problem.
Anthony W. Hughes
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Real-Time Market Abuse Detection with a Stochastic Parameter Model [PDF]
This paper develops a new model of market abuse detection in real time. Market abuse is detected, as Minenna (2003) proposed, on the basis of prediction intervals.
Radosław Cholewiński
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Rarer Actions: Giving and Taking in Third-Party Punishment Games [PDF]
In attempting to understand cooperation, economists have used the methods of experimental economics to focus on spheres of human behavior in which humans display altruism, reciprocity, or other social preferences through giving and through punishment ...
Simon Halliday
core +2 more sources
Estimation and Testing for Varying Coefficients in Additive Models with Marginal Integration [PDF]
We propose marginal integration estimation and testing methods for the coefficients of varying coefficient multivariate regression model. Asymptotic distribution theory is developed for the estimation method which enjoys the same rate of convergence as ...
Byeong U. Park +3 more
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Support for resistance: technical analysis and intraday exchange rates [PDF]
“Support” and “resistance” levels—points at which an exchange rate trend may be interrupted and reversed—are widely used for short-term exchange rate forecasting.
Carol Osler
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Economic Geography and International Inequality [PDF]
This paper estimates a structural model of economic geography using cross-country data on per capita income, bilateral trade, and the relative price of manufacturing goods.
Stephen Redding, Anthony J. Venables
core
Comparing Two Categorical Gini Correlations with Applications to Classification Problems. [PDF]
Stat Pap (Berl)Hewage S, Sang Y.
europepmc +1 more source