8), implying that, like earnings, CFO exhibits more lags
For the DLM analysis, we used a matrix of second-degree polynomials to estimate separate effects for cumulative lags
of 0-10, 0-20, 0-30, and 0-40 days.
In addition, if information asymmetries are behind the lead-lag
relationships, then longer CDS market lags
should be observed when information asymmetries are high.
However later studies confirm existence of long and variable lags
in effect of monetary policy (see for example Tanner (1979) Gruen et al.
These tests are specific versions of F tests but they are carried on individual lags
He added: This is part of our investment toward getting back to the good old days before 2006, when there were no restrictions on LAGs
We revisit Friedman's (1971) work under optimal punishment instead of trigger strategies to characterize the effect of detection lags
in collusive agreements in an n-firm oligopoly.
To implement these recommendations, the Commission will bring forward proposals to amend the existing legislation on LAGs
in Autumn 2012, with the agreement of the Member States and the European Parliament.
In this experiment, the impaired performance on T2 at short lags
could be attributed solely to both temporal and spatial attention shifts as masking was not involved.
5] represent the lag
coefficients (spot market lagging behind futures market or Futures market leading spot) over 1, 2, 3, 4 and 5 days lags
In addition to lags
of Y, we are interested in the information content of a higher-frequency variable, X, sampled m times between samples of Y (e.