77,851 research outputs found
Register / bearbeitet von Holger Hansen
No full textREGISTER / BEARBEITET VON HOLGER HANSEN
Bibliotheca Germanorum erotica & curiosa (-)
Register / bearbeitet von Holger Hansen (Register) ([1])
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Evaluating Asset-Pricing Models Using The Hansen-Jagannathan Bound: A Monte Carlo Investigation
No full textWe conduct Monte Carlo experiments to examine whether the bound proposed by Hansen and Jagannathan (1991) is a useful device for evaluating asset pricing models. Specifically, we use recently developed statistical tests, which are based on a 'distance' between the model and the Hansen-Jagannathan bound, to compute the rejection rates of true models. We provide finite-sample critical values for asset pricing models with time separable preferences, and show how they depend upon nuisance parameters—risk aversion and the rate of time preference. Further, we show that the finite-sample distribution of the test statistic associated with the risk-neutral case is extreme, in the sense that critical values based on this distribution will deliver type I errors no larger than intended—regardless of risk aversion or the rate of time preference. Extending the analysis to accommodate other preferences, we show that in the state non-separable case, the small-sample distributions of the test statistics are influenced significantly by the degree of intertemporal substitution, but not by attitudes toward risk. For habit formation preferences, the small-sample distributions are strongly influenced by the habit parameter. However, the maximal-size critical values for time-separable preferences are appropriate for habit formation as well as state non-separable preferences. We conclude that with these critical values the HJ bound is indeed a useful evaluation device. We then use the critical values to evaluate three asset pricing models using U.S. data. We find evidence against the time-separable model and mixed evidence on the remaining two models.
C-0479c: 374 South Main, Smithfield, Utah, Warren G. and Thais P. Hansen/Reed H. and Venna T. Tippets/Lyman D. and Vella H. Hansen residence. Lot 2 Block 3 Plat B. Built 1947
No full textC-0479c: 374 South Main, Smithfield, Utah, Warren G. and Thais P. Hansen/Reed H. and Venna T. Tippets/Lyman D. and Vella H. Hansen residence. Lot 2 Block 3 Plat B. Built 194
H. D. Hansen. Early civilization in Thessaly. 1933
No full textPhilippart Hubert. H. D. Hansen. Early civilization in Thessaly. 1933. In: L'antiquité classique, Tome 2, fasc. 2, 1933. p. 416
Solution of Macromodels with Hansen-Sargent Robust Policies: Some Extensions
No full textWe summarize some methods useful in formulating and solving Hansen-Sargent robust control problems, and suggest extensions to discretion and simple rules. Matlab, Octave, and Gauss software is provided. We illustrate these extensions with applications to the term structure of interest rates, the time inconsistency of optimal monetary policy, the effects of expectations on the variances of inflation and output, and on whether central banks should make their forecasts public.robustness; model uncertainty; discretion; simple rules
A 2 h periodic variation in the low-mass X-ray binary Ser X-1
No full textSpectroscopy of the low-mass X-ray binary Ser X-1 using the Gran Telescopio Canarias have revealed a ?2 h periodic variability that is present in the three strongest emission lines. We tentatively interpret this variability as due to orbital motion, making it the first indication of the orbital period of Ser X-1. Together with the fact that the emission lines are remarkably narrow, but still resolved, we show that a main-sequence K dwarf together with a canonical 1.4 M? neutron star gives a good description of the system. In this scenario, the most likely place for the emission lines to arise is the accretion disc, instead of a localized region in the binary (such as the irradiated surface or the stream-impact point), and their narrowness is due instead to the low inclination (?10°) of Ser X-1
The eclipse of the goal of zero inflation
No full textWilliam J. Barber's study of Alvin H. Hansen (1887-1975) emphasized the importance of the intellectual transformation that led to the "'Keynes-Hansen intellectual system that appeared to have compelling diagnostic and prescriptive power" (Barber 19X7. 205).1 Between 1936 and 1938, Hansen became a convert to Keynesian economics, and this led to the Hicks-Hansen IS-LM model. Subsequent authors (including Phillips in the 1950s) concluded that this approach, being an equilibrium model, did not capture the disequilibrium "essence" of Keynes (Lipsey 19X I, 547). The purpose of this article is to highlight a second intellectual transformation in Hansen's policy advocacy, and to suggest the possibility that, once again, Hansen contributed to a Keynesian economics that was in conflict with Keynes's stated position. I will also discuss a parallel transformation in the policy advocacy of Sumner H. Slichter ( 1892-1959), who was, like Hansen, a Harvard University professor
Phenotypic characterization of genetically modified mice - a multidisciplinary approach to improve implementation of phenotyping protocols.
No full textContains fulltext :
71500.pdf (Publisher’s version ) (Open Access)RU Radboud Universiteit Nijmegen, 28 oktober 2008Promotores : Ritskes-Hoitinga, M., Kornerup Hansen, A. Co-promotor : Vondeling, H.175 p
Box D, Folder C: Diary of Joh. Hansen
No full textScanned from the original held as part of the German Settlers in South Australia Papers in Rare Books and Special Collections, Barr Smith Library.
The following accompanied the diary: Untitled photograph - man's portrait, 1900s? Untitled photograph – portrait (same man?) Untitled photograph - husband & wife 1900s? Verse on small piece of paper 1836 -by Hangaard The word ‘London’ appears and ‘Ostern’ (ie Easter) This and the follwing verses are perhaps farewell notes to Hansen on setting sail for Australia Verse (or note) on small piece of paper dated 1837, by T. Longbehn, Cismar Verse on small piece of paper dated 1839, by Laura Hagemann. The word ‘Norderfahrenstedt… ‘appears Verse on small piece of paper dated 1837, by B. Basilius Verse on small piece of paper dated 16 Febr. 1837, by F.H. Jochimsen Note on small piece of paper, undated, by P. Walter. Includes the words ‘Ostern 35’ and ‘Tondern’? ‘Auszüge aus einem Tagebuch’ from 11/9/1849 to 1/1/1851 (11 p.) Excerpts are from the diary (item 1 above) and are related to South Australia, landing and excursions, and end with a plan to set up an educational institution in SAThe diary begins in 1841 and seems to be the work of Joh. Hansen who resided in SA for a time and then moved to Victoria, becoming a jeweller and then a pastor, dying about 1915 (Information from Dr Lois Zweck, Lutheran Archives, Friends, Chair.) Contains entries about algebra, mathematics, music, philosophy etc. Inside the front cover is a flyer with a note in Van Abbe’s or Triebels writing: ‘from Rev, H. Larsen, Grovedale, Vic. Hansen via Mr. Roesler, 64 Addison Road, Warradale
Mogens H. Hansen, Pierre Ducrey et Alain-Christian Hernández (Éd.), Démocratie athénienne – démocratie moderne : tradition et influences. Entretiens préparés par M. H. H., présidés par P. D. et édités par A. Chr. H. Vandoeuvres, Fondation Hardt, 2010
No full textHannick Jean-Marie. Mogens H. Hansen, Pierre Ducrey et Alain-Christian Hernández (Éd.), Démocratie athénienne – démocratie moderne : tradition et influences. Entretiens préparés par M. H. H., présidés par P. D. et édités par A. Chr. H. Vandoeuvres, Fondation Hardt, 2010. In: L'antiquité classique, Tome 81, 2012. pp. 447-450
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