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Results 1 - 10
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241
TRADEOFFS OF AUSTRIAN BUDGETARY POLICIES: AN OPTIMUM CONTROL ANALYSIS
"... Abstract: In this paper, we use optimum control methods to determine optimal budgetary policies for Austria over a five-year horizon. Optimal fiscal policies are calculated using the algorithm OPTCON. Optimal policies are compared to a simulation using extrapolated values of budgetary policy variabl ..."
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Abstract: In this paper, we use optimum control methods to determine optimal budgetary policies for Austria over a five-year horizon. Optimal fiscal policies are calculated using the algorithm OPTCON. Optimal policies are compared to a simulation using extrapolated values of budgetary policy
International Momentum Strategies
- Journal of Finance
, 1998
"... 1980 and 1995 an internationally diversified portfolio of past medium-term Winners outperforms a portfolio of medium-term Losers after correcting for risk by more than one percent per month. Return continuation is present in all twelve sample countries and lasts on average for about one year. Return ..."
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Cited by 273 (0 self)
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,1987) document return reversals over longer horizons. Firms with poor three- to five-year past performance earn higher average returns than firms that performed well in the past. There has been an extensive literature on whether these return patterns reflect an improper response by markets to information
Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion
, 2002
"... The phenomenal expansion of Wal-Mart provides a clean case for studying the labor-market effects of increased efficiency. I estimate the effect of Wal-Mart entry on retail employment at the county level. Using an instrumental-variables approach to correct for both measurement error in entry dates an ..."
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Cited by 47 (6 self)
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and possible endogeneity of the timing of entry, I find that Wal-Mart entry increases retail employment by 100 jobs in the year of entry. Half of this gain disappears over the next five years, leaving a statistically significant net gain of 50 jobs at the five-year horizon. The decline in retail employment
Accounting for US Real Exchange Rate Changes
- Journal of Political Economy
, 1999
"... This study measures the proportion of U.S. real exchange rate movements that can be accounted for by movements in the relative prices of nontraded goods. The decomposition is done at all possible horizons that the data allow—from one month up to 30 years. The accounting is performed with five differ ..."
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Cited by 296 (34 self)
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This study measures the proportion of U.S. real exchange rate movements that can be accounted for by movements in the relative prices of nontraded goods. The decomposition is done at all possible horizons that the data allow—from one month up to 30 years. The accounting is performed with five
FUND-MANAGEMENT GENDER COMPOSITION: THE IMPACT ON RISK AND PERFORMANCE OF MUTUAL FUNDS AND
"... This paper examines gender differences in fund managers ’ risk tolerance and performance. We explore these differences in both the universe of U.S. mutual funds and hedge funds using risk and performance metrics that cover one-year, three-year, and five-year horizons. We find that funds managed by w ..."
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This paper examines gender differences in fund managers ’ risk tolerance and performance. We explore these differences in both the universe of U.S. mutual funds and hedge funds using risk and performance metrics that cover one-year, three-year, and five-year horizons. We find that funds managed
Covered Interest Rate Parity in Emerging Markets Covered Interest Rate Parity in Emerging Markets
"... Abstract This paper finds that while covered interest rate parity holds for large and small triple A rated economies, it holds for emerging markets only for a three-month maturity. For a five-year horizon the size and frequency of violations lead to the conclusion that covered interest rate parity ..."
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Abstract This paper finds that while covered interest rate parity holds for large and small triple A rated economies, it holds for emerging markets only for a three-month maturity. For a five-year horizon the size and frequency of violations lead to the conclusion that covered interest rate parity
Medium-Term Fiscal Multipliers during Protracted Recessions*
, 2014
"... The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries. Based on Jorda’s (2005) local projection methodology, we find that cu ..."
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that cumulative fiscal multipliers related to output, employment and unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal consolidation plans to reduce public debt burdens should proceed gradually if economic activity remains below trend
Summary
, 1994
"... We apply a comprehensive set of survey data, on forecasts for 24 currencies against the dollar, to four topics. (1) We find some predictive power in the survey data (and in the right direction!). As in past tests, the forecasts are nevertheless biased: variability of expected depreciation is excessi ..."
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) We examine new data on forecasts at the five-year horizon and obtain, somewhat disappointingly, only weak evidence of regressive expectations towards purchasing power parity. (4) We have no success in an attempt to use the survey data in an equation of exchange rate determination.
An Extrapolative Model of House Price Dynamics∗
, 2015
"... A model in which homebuyers make a modest approximation leads house prices to display three features present in the data but usually missing from perfectly rational models: mo-mentum at one-year horizons, mean reversion at five-year horizons, and excess longer-term volatility relative to fundamental ..."
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A model in which homebuyers make a modest approximation leads house prices to display three features present in the data but usually missing from perfectly rational models: mo-mentum at one-year horizons, mean reversion at five-year horizons, and excess longer-term volatility relative
IShort4?angeIntercity Traffic Forecasting Using Econometric T~hniques
"... ere are well-developed procedures for preparing 10- and 20-year traffic volume forecasts to aid in highway planning and design. There has been much less attention paid to short-range traffic forecasting of one- to five-year horizons. The Oklahoma Turnpike Authority (OTA) needs short-range traffic fo ..."
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ere are well-developed procedures for preparing 10- and 20-year traffic volume forecasts to aid in highway planning and design. There has been much less attention paid to short-range traffic forecasting of one- to five-year horizons. The Oklahoma Turnpike Authority (OTA) needs short-range traffic
Results 1 - 10
of
241
