Now showing items 21-30 of 47
The Impact of a Negative Labor Demand Shock on Fertility
Evidence from the Fall of the Berlin Wall
How does a negative labor demand shock impact individual-level fertility? I analyze this question in the context of the East German fertility decline after the fall of the Berlin Wall in 1989. Exploiting differential ...
Is Scientific Performance a Function of Funds?
The management of universities demands data on teaching and research performance. While teaching parameters can be measured via student performance and teacher evaluation programs, the connection of research outputs and ...
Dynamic Semiparametric Factor Model with a Common Break
For change-point analysis of high dimensional time series, we consider a semiparametric model with dynamic structural break factors. The observations are described by a few low dimensional factors with time-invariate loading ...
Penalized Adaptive Method in Forecasting with Large Information Set and Structure Change
In the present paper we propose a new method, the Penalized Adaptive Method (PAM), for a data driven detection of structure changes in sparse linear models. The method is able to allocate the longest homogeneous intervals ...
Dynamic credit default swaps curves in a network topology
Systemically important banks are connected and have dynamic dependencies of their default probabilities. An extraction of default factors from cross-sectional credit default swaps (CDS) curves allows to analyze the shape ...