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Chrysler Group Llc Form 10-K: Annual Report Pursuant To Section 13 Or 15(D) Of The Securities Exchange Act Of 1934 For The Year Ended December 31, 2013, Chrysler Group, Llc., Chrysler-Fiat Alliance Mar 2014

Chrysler Group Llc Form 10-K: Annual Report Pursuant To Section 13 Or 15(D) Of The Securities Exchange Act Of 1934 For The Year Ended December 31, 2013, Chrysler Group, Llc., Chrysler-Fiat Alliance

Documents

No abstract provided.


Century's "Systemic Threat" Justification Crumbles, Rendi Witular Mar 2014

Century's "Systemic Threat" Justification Crumbles, Rendi Witular

Documents

No abstract provided.


Jrf Proposes Finsac Buyout, Mcpherse Thompson Mar 2014

Jrf Proposes Finsac Buyout, Mcpherse Thompson

Documents

No abstract provided.


Offshore Renminbi Market, Sandra Ro, John Labuszewski Mar 2014

Offshore Renminbi Market, Sandra Ro, John Labuszewski

Documents

No abstract provided.


Landsbankinn Hf. Consolidated Financial Statements 2013, Landsbankinn Hf Mar 2014

Landsbankinn Hf. Consolidated Financial Statements 2013, Landsbankinn Hf

Documents

No abstract provided.


Does East Asia Have A Working Financial Safety Net?, Jayant Menon, Hal Hill Mar 2014

Does East Asia Have A Working Financial Safety Net?, Jayant Menon, Hal Hill

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No abstract provided.


An Overview Of The Fannie And Freddie Conservatorship Litigation, David J. Reiss Mar 2014

An Overview Of The Fannie And Freddie Conservatorship Litigation, David J. Reiss

Documents

No abstract provided.


Specification Tests For Nonlinear Dynamic Models, Igor Kheifets Mar 2014

Specification Tests For Nonlinear Dynamic Models, Igor Kheifets

Cowles Foundation Discussion Papers

We propose a new adequacy test and a graphical evaluation tool for nonlinear dynamic models. The proposed techniques can be applied in any setup where parametric conditional distribution of the data is specified, in particular to models involving conditional volatility, conditional higher moments, conditional quantiles, asymmetry, Value at Risk models, duration models, diffusion models, etc. Compared to other tests, the new test properly controls the nonlinear dynamic behavior in conditional distribution and does not rely on smoothing techniques which require a choice of several tuning parameters. The test is based on a new kind of multivariate empirical process of contemporaneous …


The Financial Crisis And Macroeconomic Activity: 2008-2013, Ray C. Fair Mar 2014

The Financial Crisis And Macroeconomic Activity: 2008-2013, Ray C. Fair

Cowles Foundation Discussion Papers

This paper provides estimates of the effects of the fall in financial and housing wealth in 2008-2009 on overall macroeconomic activity. These effects are large and account for a large fraction of the slowdown in activity. Much of the 2008-2009 recession is estimated to be simply standard wealth effects at work.


Exploiting The Choice-Consumption Mismatch: A New Approach To Disentangle State Dependence And Heterogeneity, K. Sudhir, Nathan Yang Mar 2014

Exploiting The Choice-Consumption Mismatch: A New Approach To Disentangle State Dependence And Heterogeneity, K. Sudhir, Nathan Yang

Cowles Foundation Discussion Papers

This paper offers a new identification strategy for disentangling structural state dependence from unobserved heterogeneity in preferences. Our strategy exploits market environments where there is a choice-consumption mismatch. We first demonstrate the effectiveness of our identification strategy in obtaining unbiased state dependence estimates via Monte Carlo analysis and highlight its superiority relative to the extant choice-set variation based approach. In an empirical application that uses data of repeat transactions from the car rental industry, we find evidence of structural state dependence, but show that state dependence effects may be overstated without exploiting the choice-consumption mismatches that materialize through free upgrades.


Price Search Across Stores And Across Time, Navid Mojir, K. Sudhir Mar 2014

Price Search Across Stores And Across Time, Navid Mojir, K. Sudhir

Cowles Foundation Discussion Papers

In response to price dispersion across stores and price promotions over time, consumers search across both stores (spatial) and time (temporal), in many retail settings. Yet there is no search model in extant research that jointly endogenizes search in both dimensions. We develop a model of spatiotemporal search that nests a finite horizon model of spatial search across stores within an infinite horizon model of inter-temporal search. The model is estimated using an iterative procedure that formulates it as a mathematical program with equilibrium constraints (MPEC) embedded within an E-M algorithm to allow estimation of latent class heterogeneity. The empirical …


Computational Complexity Of The Walrasian Equilibrium Inequalities, Donald J. Brown Mar 2014

Computational Complexity Of The Walrasian Equilibrium Inequalities, Donald J. Brown

Cowles Foundation Discussion Papers

Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Following Brown and Shannon (2000), we reformulate the Walrasian equilibrium inequalities as the Hicksian equilibrium inequalities. Brown and Shannon proved that the Walrasian equilibrium inequalities are solvable iff the Hicksian equilibrium inequalities are solvable. We show that solving the Hicksian equilibrium inequalities is equivalent to solving an NP-hard minimization problem. Approximation theorems are polynomial time algorithms for computing approximate solutions of NP-hard minimization problems. The contribution of this paper …


Varying The Money Supply Of Commercial Banks, Martin Shubik, Eric Smith Mar 2014

Varying The Money Supply Of Commercial Banks, Martin Shubik, Eric Smith

Cowles Foundation Discussion Papers

We consider the problem of financing two productive sectors in an economy through bank loans, when the sectors may experience independent demands for money but when it is desirable for each to maintain an independently determined sequence of prices. An idealized central bank is compared with a collection of commercial banks that generate profits from interest rate spreads and flow those through to a collection of consumer/owners who are also one group of borrowers and lenders in the private economy. We model the private economy as one in which both production functions and consumption preferences for the two goods are …


Price Search Across Time And Across Stores, Navid Mojir, K. Sudhir Mar 2014

Price Search Across Time And Across Stores, Navid Mojir, K. Sudhir

Cowles Foundation Discussion Papers

In response to price dispersion across stores and price promotions over time, consumers search across both stores and time, in many retail settings. Yet there is no search model in extant research that jointly endogenizes search in both dimensions. We develop a model of search across stores and across time that nests a nite horizon model of search across stores within an in nite horizon model of inter-temporal search. The model is estimated using an iterative procedure that formulates it as a mathematical program with equilibrium constraints (MPEC) embedded within an E-M algorithm to allow estimation of latent class heterogeneity. …


Piraeus Bank 2013 Annual Report, Piraeus Bank Mar 2014

Piraeus Bank 2013 Annual Report, Piraeus Bank

Documents

No abstract provided.


The Liquidity Management Of The Ecb, Anders Svendsen, Alexander Wojt Mar 2014

The Liquidity Management Of The Ecb, Anders Svendsen, Alexander Wojt

Documents

Consultant presentation describing the ECB's frontloading policy


Financial Reform And The Adequacy Of Deposit Insurance Fund: Lessons From Taiwanese Experience, Chia-Ling Ho, Gene C. Lai, Jin-Ping Lee Mar 2014

Financial Reform And The Adequacy Of Deposit Insurance Fund: Lessons From Taiwanese Experience, Chia-Ling Ho, Gene C. Lai, Jin-Ping Lee

Documents

No abstract provided.


Have The Government-Sponsored Enterprises Fully Repaid The Treasury?, Larry D. Wall Mar 2014

Have The Government-Sponsored Enterprises Fully Repaid The Treasury?, Larry D. Wall

Documents

No abstract provided.


Evaluating Asset-Market Effects Of Unconventional Monetary Policy: A Cross-Country Comparison, John H. Rogers, Chiara Scotti, Jonathan H. Wright Mar 2014

Evaluating Asset-Market Effects Of Unconventional Monetary Policy: A Cross-Country Comparison, John H. Rogers, Chiara Scotti, Jonathan H. Wright

Documents

This discussion paper is available for download from the Social Science Research Network electronic library. To view this article in its entirety please see the related resources section above.


Annual Financial Report For The Period From 1st January To 31st December 2013, Piraeus Bank Mar 2014

Annual Financial Report For The Period From 1st January To 31st December 2013, Piraeus Bank

Documents

No abstract provided.


A Model Of Multi-Pass Search: Price Search Across Stores And Time, Navid Mojir, K. Sudhir Mar 2014

A Model Of Multi-Pass Search: Price Search Across Stores And Time, Navid Mojir, K. Sudhir

Cowles Foundation Discussion Papers

In retail settings with price promotions, consumers often search across stores and time. However the search literature typically only models one pass search across stores, ignoring revisits to stores; the choice literature using scanner data has modeled search across time, but not search across stores in the same model. We develop a multi-pass search model that jointly endogenizes search in both dimensions; our model nests a nite horizon model of search across stores within an in nite horizon model of inter-temporal search. We apply our model to milk purchases at grocery stores; hence the model also accounts for repeat purchases …


Yale Scientific Magazine: Volume 87, Number 2 Mar 2014

Yale Scientific Magazine: Volume 87, Number 2

Yale Scientific Magazine

No abstract provided.


Do Sympathy Biases Induce Charitable Giving? The Effects Of Advertising Content, K. Sudhir, Subroto Roy, Mathew Cherian Mar 2014

Do Sympathy Biases Induce Charitable Giving? The Effects Of Advertising Content, K. Sudhir, Subroto Roy, Mathew Cherian

Cowles Foundation Discussion Papers

We randomize advertising content motivated by the psychology literature on sympathy generation and framing effects in mailings to about 185,000 prospective new donors in India. We find significant impact on the number of donors and amounts donated consistent with sympathy biases such as the “identifiable victim,” “in-group” and “reference dependence.” A monthly reframing of the ask amount increases donors and amount donated relative to daily reframing. A second field experiment targeted to past donors, finds that the effect of sympathy bias on giving is smaller in percentage terms but statistically and economically highly significant in terms of the magnitude of …


How Might A Central Bank Report Uncertainty?, Ray C. Fair Mar 2014

How Might A Central Bank Report Uncertainty?, Ray C. Fair

Cowles Foundation Discussion Papers

An important question for central banks is how they should report the uncertainty of their forecasts. This paper discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single macroeconometric model to make its forecasts and guide its policies. Suggestions are then made as to what might be feasible for a central bank to report given that it is unlikely to be willing to commit to a single model. A particular model is used as an illustration.


Finansiel Stabilitet Launches Process To Sell Property Company Exposures, Finansiel Stabilitet (Fsc) Feb 2014

Finansiel Stabilitet Launches Process To Sell Property Company Exposures, Finansiel Stabilitet (Fsc)

Documents

No abstract provided.


106th Annual Report Swiss National Bank, Swiss National Bank (Snb) Feb 2014

106th Annual Report Swiss National Bank, Swiss National Bank (Snb)

Documents

No abstract provided.


Ex-Hypo Bosses Handed Jail Sentences In Austrian Put Option Case, Reuters Staff Feb 2014

Ex-Hypo Bosses Handed Jail Sentences In Austrian Put Option Case, Reuters Staff

Documents

No abstract provided.


Banking Crisis Closure Law Of 1999, National Congress Of Ecuador Feb 2014

Banking Crisis Closure Law Of 1999, National Congress Of Ecuador

Documents

No abstract provided.


Comparison Of New Eu Proposals On Proprietary Trading And Ring-Fencing Against Us, Uk, French And German, Shearman & Sterling Llp Feb 2014

Comparison Of New Eu Proposals On Proprietary Trading And Ring-Fencing Against Us, Uk, French And German, Shearman & Sterling Llp

Documents

No abstract provided.


Financial Crises: Causes, Consequences, And Policy Responses, Stijn Claessens, M. Ayhan Kose, Luc Laeven, Fabian Valencia Feb 2014

Financial Crises: Causes, Consequences, And Policy Responses, Stijn Claessens, M. Ayhan Kose, Luc Laeven, Fabian Valencia

Documents

No abstract provided.