Now showing items 11-20 of 243
From Galloping Inflation toPrice Stability inSteps
After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This paper analyzes how the remarkable transition process of Israel’s disinflation took place. We reinforce the ...
Functional Principal Component Analysis for Derivatives of Multivariate Curves
We present two methods based on functional principal component analysis (FPCA) for the estimation of smooth derivatives of a sample of random functions, which are observed in a more than one-dimensional domain. We apply ...
Blooming Landscapes in the West? - German reunification and the price of land.
German reunification was a positive market access shock for both East and West Germany. Regions that for 45 years had experienced a decline in population due to their loss in market access following the division of Germany ...
The Cross-Section of Crypto-Currencies as Financial Assets: An Overview
Crypto-currencies have developed a vibrant market since bitcoin, the first crypto-currency, was created in 2009. We look at the properties of cryptocurrencies as financial assets in a broad cross-section. We discuss ...