Now showing items 21-40 of 98

    • Volatility clustering in US home prices 

      Miles, William (American Real Estate Society, 2008)
      Generalized autoregressive conditional heteroscedasticity (GARCH) effects imply the probability of large losses is greater than standard mean-variance analysis suggests. Accurately capturing GARCH for housing markets is ...
    • Boom-bust cycles and the forecasting performance of linear and non-linear models of house prices 

      Miles, William (Springer, 2008-04)
      The tremendous rise in house prices over the last decade has been both a national and a global phenomenon. The growth of secondary mortgage holdings and the increased impact of house prices on consumption and other components ...
    • Forecasting the sales of light trucks in the United States 

      Christensson, Jon (Wichita State University. Graduate School., 2008-04-25)
      The motor vehicles and parts industry in the United States employed as much as 7.4% of the labour force in the manufacturing industry in 2006. The purpose of this paper is to canvass various forecasting models, determine ...
    • Geographical bilateral exchange rate pass-through in the United States 

      Christensson, Jon (Wichita State University. Graduate School., 2008-04-25)
      From February 2002 to December 2007, the dollar depreciated 34.2% against other major currencies. During the same period, core consumer prices only increased 11.3%. One would think the consumer prices would be more ...
    • Inflation targeting and monetary policy in Canada: What is the impact on inflation uncertainty? 

      Miles, William (Elsevier, 2008-08)
      Inflation uncertainty has been demonstrated both theoretically and empirically to lower real output. This paper examines the impact of inflation targeting in Canada on inflation uncertainty, as well as persistence. Our ...
    • Fixed exchange rates and disinflation in emerging markets: how large is the effect? 

      Jackson, Aaron; Miles, William (Springer, 2008-10)
      We examine developing countries which have institutional quality ratings for the effects of exchange rate rigidity on inflation. The level of institutional development exerts no effect on the impact of currency regimes. ...
    • Quantitative goals for monetary policy: a quantile regression approach 

      Jackson, Aaron L.; Miles, William (Taylor & Francis, 2009)
      A recent paper by Fatas et al. (2006 Fatas, A, Mihov, I and Rose, A. 2006. Quantitative goals for monetary policy. Journal of Money, Credit and Banking, 39: 1163-76. [Google Scholar] ) indicates that formal monetary ...
    • Central Bank Independence, Inflation and Uncertainty: The Case of Colombia 

      Miles, William (Taylor & Francis, 2009)
      Colombia undertook reform of its central bank in 1991, pushing it in the direction of greater independence. We find that this reform led to a significant decrease in the level of inflation, as well as inflation uncertainty, ...
    • Housing investment and the U.S. economy: how have the relationships changed? 

      Miles, William (American Real Estate Society, 2009)
      Previous research has found that housing investment has a disproportionate role in the U.S. business cycle. This paper demonstrates that the relationship between housing and the rest of the economy has changed since financial ...
    • Changing inflation dynamics and uncertainty in the United States 

      Miles, William; Vijverberg, Chu-Ping C. (Southern Economic Journal, 2009-01)
      Inflation uncertainty has been shown theoretically and empirically to lower real Output (Friedman 1977; Grier et al. 2004). Employing a Markov-switching model with regime-varying variance, as well as more traditional ...
    • Irreversibility, uncertainty and housing investment 

      Miles, William (Springer, 2009-02)
      Housing represents a form of "irreversible" investment. Theoretically, increased uncertainty should lower housing investment. Empirically, finding a proxy for uncertainty has proven problematic. Some recent papers have ...
    • How inflationary are oil price shocks? A regional analysis 

      Christensson, Jon (Wichita State University. Graduate School, 2009-05-01)
      The impact of oil shocks is analyzed by estimating an augmented Phillips curve on a national, regional and city level in the United States. A significant pass-through to inflation (including all items) is recorded for all ...
    • Volatility transmission in U.K. housing: a multivariate GARCH approach 

      Miles, William (American Real Estate Society, 2010)
      Despite its importance for gauging the probability of large losses and portfolio management, there has not been an investigation of how GARCH conditional volatility is transmitted between regions in the United Kingdom. ...
    • Determining if factors affecting NHL attendance are equal across geographical regions 

      Provenzano, John (Wichita State University. Graduate School, 2010-04-23)
      This paper estimates a nightly demand model for National Hockey League attendance for five teams from different divisions. The magnitudes of the coefficients are compared for each team to determine if factorsthat influence ...
    • A model of cocaine supply transformation and the efficiency of U.S. federal interdiction 

      Saloga, Clinton W. (Wichita State University. Graduate School, 2010-04-23)
      This paper develops a model to illustrate factors that may reduce cocaine supply from its original production level in South American countries to its arrival on U.S. streets for final retail sale. Some of the variables ...
    • Does the use of interest rate swaps matter? 

      Luo, Hao (Wichita State University. Graduate School, 2010-04-23)
      This project analyzes the effectiveness of employing interest rate swaps to weather U.S. monetary announcement effects. This study presents the evidence that there are benefits for fixed-rate payers when the Fed tightens ...
    • Does the NCAA coaching carousel hamper the professional prospects of college football recruits? 

      Hersch, Philip L. (SAGE Publications, 2010-12-02)
      College football recruits choose their schools partly for the opportunity to play for a specific coach. It is not unusual for the coach who recruited the player to leave before the end of the player’s career. This article ...
    • Clustering in U.K. home price volatility 

      Miles, William (American Real Estate Society, 2011)
      In the wake of the 2007-2009 global financial crisis, there has been heightened interest in correctly gauging the probability of large losses on assets, particularly house prices. If an asset exhibits GARCH effects in its ...
    • Long-range dependence in U.S. home price volatility 

      Miles, William (Springer, 2011-04)
      The existence of GARCH effects in a financial price series means that the probability of large losses is much higher than standard mean-variance analysis suggests. Accordingly, several recent papers have investigated whether ...
    • Have delayed independence and poor initial institutions been economically costly for Latin Americans? 

      Saloga, Clinton W. (Wichita State University, 2011-05)
      This paper tests the hypothesis that the timing of independence in Latin America and the institutions in place at the time of independence had a joint effect on the developmental paths of the countries. A new variable ...