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6 Results

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  • Topics

    • Behavioral Economics (1)
    • Business Cycle (1)
    • Business Cycle World (1)
    • Monetary Policy (1)
  • Publication Type

    • Working Paper (4)
    • Journal Article (2)
  • Research

    • Forecasting and Business Cycle Analysis (6)
    • Macroeconomic Research (6)
    • Business Cycles and Growth (2)
  • Experts

    • Inske Pirschel (6)
    • Dennis J. Snower (3)
    • Steffen Ahrens (3)
    • Maik Wolters (2)
  • Publication Series

    • Kiel Working Papers (4)
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  • Experts: Inske Pirschel
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  1. Journal Article

    A Theory of Price Adjustment under Loss Aversion

    Journal of Economic Behavior & Organization
    02/2017
    Steffen Ahrens, Inske Pirschel, Dennis J. Snower

    We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers’...

  2. Working Paper

    A Theory of Price Adjustment under Loss Aversion

    Kiel Working Papers
    04/2014
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    Steffen Ahrens, Inske Pirschel, Dennis J. Snower

    We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers’...

  3. Working Paper

    Forecasting Euro Area Recessions in Real-Time

    Kiel Working Papers
    01/2016
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    Inske Pirschel

    I present evidence that the linear mixed-frequency Bayesian VAR provides very sharp and well-calibrated monthly real-time recession...

  4. Working Paper

    Path-Dependent Wage Responsiveness

    Kiel Working Papers
    12/2014
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    Steffen Ahrens, Inske Pirschel, Dennis J. Snower

    We present a theory of nominal wage adjustment based on worker loss aversion, along the lines of prospect theory. Wage changes are evaluated...

  5. Working Paper

    Forecasting with Large Datasets: Aggregating Before, During or After the Estimation?

    Kiel Working Papers
    05/2014
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    Inske Pirschel, Maik Wolters

    We study the forecasting performance of three alternative large data forecasting approaches. These three approaches handle the dimensionality...

  6. Journal Article

    Forecasting with large datasets: Agregating before, during or after the estimation

    Empirical Economics
    09/2018
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    Maik Wolters, Inske Pirschel

    We study the forecasting performance of three alternative large data forecasting approaches. These three approaches handle the dimensionality...

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