279,403 research outputs found
Forecasting with factor-augmented error correction models
No full textAs a generalization of the factor-augmented VAR (FAVAR) and of the Error Correction Model (ECM), Banerjee and Marcellino (2009) introduced the Factor-augmented Error Correction Model (FECM). The FECM combines error-correction, cointegration and dynamic factor models, and has several conceptual advantages over the standard ECM and FAVAR models. In particular, it uses a larger dataset than the ECM and incorporates the long-run information which the FAVAR is missing because of its specification in differences. In this paper, we examine the forecasting performance of the FECM by means of an analytical example, Monte Carlo simulations and several empirical applications. We show that FECM generally offers a higher forecasting precision relative to the FAVAR, and marks a useful step forward for forecasting with large datasets.Published version of EUI RSCAS WP 2009/3
Dundee Discussion Papers in Economics 129:A markup model for forecasting inflation for the Euro area
No full textIn this note we use the methodology of Banerjee, Cockerell and Russell (2001) and Banerjee and Russell (2001) to develop a small model for forecasting inflation for the Euro-area using quarterly data over the period June 1973 to March 2002
On some topology generated by -density function
No full textIn this paper we have studied on -density function using the
notion of -density, introduced by Banerjee and Debnath
\cite{banerjee 4} where is an ideal of subsets of the set of
natural numbers. We have explored certain properties of -density
function and induced a topology using this function in the space of reals
namely -density topology and we have given a characterization of
the Lebesgue measurable subsets of reals in terms of Borel sets in
-density topology.Comment: 12 pages. arXiv admin note: text overlap with arXiv:2205.0337
Utamphorophora himalayensis Chakrabarti & Banerjee 1989
No full text<i>Utamphorophora himalayensis</i> Chakrabarti & Banerjee 1989 to <i>Taiwanomyzus</i> <p> <i>Taiwanomyzus</i> have many characters in common with <i>Utamphorophora</i>, but have dorsal spiculation of the head and feed on ferns.</p>Published as part of <i>Victor, Eastop, F. & Blackman, Roger L., 2005, Some new synonyms in Aphididae (Hemiptera: Sternorrhyncha), pp. 1-36 in Zootaxa 1089</i> on page 31, DOI: <a href="http://zenodo.org/record/273344">10.5281/zenodo.273344</a>
Going Beyond Counting First Authors in Author Co-citation Analysis
No full textThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment
No full textWe examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby volatility and growth. We first develop a simple growth model where firms engage in two types of investment: a short-term one and a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less procyclical return but also a higher liquidity risk. Under complete financial markets, long-term investment is countercyclical, thus mitigating volatility. But when firms face tight credit constraints, long-term investment turns procyclical, thus amplifying volatility. Tighter credit therefore leads to both higher aggregate volatility and lower mean growth for a given total investment rate. We next confront the model with a panel of countries over the period 1960-2000 and find that a lower degree of financial development predicts a higher sensitivity of both the composition of investment and mean growth to exogenous shocks, as well as a stronger negative effect of volatility on growth.
"There are millions of young Indians who feel frustrated with their lives.... I really want the Indian government to take these frustrations seriously." - Snigdha Poonam
No full textLSE South Asia Centre recently invited Snigdha Poonam, journalist at Hindustan Times and author of Dreamers: How Young Indians are Changing the World, for a panel discussion entitled 'Who are the Middle Class in South Asia?' as part of the South Asia Summit 2018. In conversation with Anirbaan Banerjee, she talks about aggressive Indian nationalism, the political and economic frustrations of the middle-class young Indian, women's aspirations and a growing social-political crisis in India
Experimental approach to global poverty alleviation. Alfred Nobel memorial prize of the Bank of Sweden in 2019: Esther Duflo, Abhijit Banerjee, Michael Kremer
No full textArtykuł przedstawia dorobek naukowy laureatów Nagrody Banku Szwecji im. Alfreda Nobla w dziedzinie nauk ekonomicznych przyznanej w 2019 r.: E. Duflo, A. Banerjee i M. Kremera. Omówiony został ich wkład do badań nad przyczynami i sposobami łagodzenia ubóstwa na świecie, a przede wszystkim wkład do rozwoju badań eksperymentalnych w naukach społecznych wykorzystujących schemat randomizowanych badań kontrolowanych (RCT). W tym kontekście autorzy wyjaśniają także przyczyny wzrostu popularności podejścia eksperymentalnego w ekonomii rozwoju oraz omawiają jego silne strony i ograniczenia.The article presents scientific achievements of Alfred Nobel Memorial Prize Laureates
in economic sciences in 2019: Esther Duflo, Abhijit Banerjee, and Michael Kremer. The paper describes their contribution to the research on the sources of poverty in the world
and the ways of alleviating it, and their contribution to the development of experimental
research in social sciences using randomized control trials (RCT). In this context, the
authors explain the reasons for growing popularity of this approach in development
economics and discuss its strengths and weaknesses
Give Canadian Workers the Tools to do the Job! Why Canada Needs More Robust Capital Investment
No full textCanadian investment policy
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