This paper aims to calculate the adjustment speeds between the Brazilian Deposit and Lending (D-L) rates –both in the short and long runsover the months between January 1997 and June 2016. Tests for stationary and cointegration, and finally, the error correction model (ECM) are employed with the ultimate objective: how Brazilian average commercial interest rates interacted during the sampled mo...

PURPOSE To determine diagnostic accuracy of kinetic visual field assessment by Octopus 900 perimetry compared with Goldmann perimetry. METHODS Prospective cross section evaluation of 40 control subjects with full visual fields and 50 patients with known visual field loss. Comparison of test duration and area measurement of isopters for Octopus 3, 5, and 10°/sec stimulus speeds. Comparison of ...

A number of prominent papers in the literature have estimated the speed of adjustment (SOA) of firms’ leverage ratios with estimators not designed for applications in which the dependent variable is a ratio. This made them detect mean reversion, which they mistakenly considered as readjustment. We propose a non-parametric way to model leverage ratios under the NULL, and a method of reconciling ...

The purpose of this paper is to construct a dynamic stochastic production frontier incorporating the sluggish adjustment of inputs, to measure the speed of adjustment of output, and to compare the technical efficiency estimates from this dynamic model to those from a static model. Assuming that the adjustment speed of all inputs is similar for every production unit, a linear partial adjustment ...