This paper revisits the Fisher hypothesis by estimating fractional integration and cointegration models that are more general than the standard ones based on the classical I(0)/I(1) dichotomy. Two sets of results are obtained under the alternative assumptions of white noise and Bloomfield (1973) autocorrelated errors respectively. The univariate analysis suggests than the differencing parameter is ...
The conference will take place on May 23, 2017 at Deutsche Bank Berlin, Unter den Linden 13/15.Almost ten years after the crisis, the financial sector is still in the midst of a far-reaching transformational process. The macroeconomic environment and regulatory frameworks are changing quickly and profoundly, whereas new technologies are challenging established players – both from the public...
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
We present an ex-post analysis of the effects of GDF’s acquisition of Suez in 2006 created one of the world’s largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing barriers to entry and facilitating access to the hub through ownership unbundling were an important part of the ...
DIW Women’s Finance Summit Structural Change in the Financial Sector – Women’s Perspectives Watch the conference via livestream. May 23, 2017 9:30 a.m. Venue: Deutsche Bank Berlin, Unter den Linden 13/15, 10117 Berlin With: Christine Lagarde, Viviane Reding, Sylvie Matherat, Axel A. Weber, Douglas Flint, Sandie O’Connor, Peter Grauer, Brenda Trenowden, Sir Philip Hampton, Marcel ...
