Bent E Sørensen

Biographic Data

ID309285
NAMEBent E Sørensen
GIVEN NAMESBent E
FAMILY NAMESørensen
SIGNATURESØRENSEN B E
AFFILIATIONSBrown University
ORCID0000-0002-2326-440X
VERIFIEDYes
TOTAL WORKS13
TOTAL CITATIONS31
AUTHOR COUNT13
EDITOR COUNT0
FIRST PUBLICATION YEAR1992
LATEST PUBLICATION YEAR2019
H-INDEX2

  • The Rise and Fall of Consumption in the 2000s: A Tangled Tale

    Open AccessYuliya Demyanyk, Dmytro Hryshko et al.ARTICLEEconomica2019References: 46

    US consumption has gone through steep ups and downs since 2000. We quantify the statistical impact of income, unemployment, house prices, credit scores, debt, financial assets, expectations, foreclosures and inequality on county‐level consumption growth for four subperiods: the ‘dot‐com recession’ (2001–3), the ‘subprime boom’ (2004–6), the Great Recession (2007–9) and the ‘tepid recovery’ (2010–12). Consumption growth cannot be explained by a fe…

  • How do politicians save? Buffer-stock management of unemployment insurance finance

    Open AccessSteven G Craig, Wided Hemissi et al.ARTICLEJournal of Urban Economics2016Cited by: 1References: 27

  • Interaction effects in econometrics

    Open AccessHatice Ozer Balli, Bent E SørensenARTICLEEmpirical Economics2013

  • Subjective Well-Being: Keeping Up with the Perception of the Joneses

    Open AccessCahit Guven, Bent E SørensenARTICLESocial Indicators Research2012Cited by: 20References: 18

  • Why Does Capital Flow to Rich States

    Ṣebnem Kalemli‐Özcan, Sebnem Kalemli-Ozcan et al.ARTICLEThe Review of Economics and…2010

    The magnitude and the direction of net international capital flows do not fit neoclassical models. The fifty U.S. states comprise an integrated capital market with very low barriers to capital flows, which makes them an ideal testing ground for neoclassical models. We develop a simple frictionless open economy model with perfectly diversified ownership of capital and find that capital flows among the states are consistent with the model. Therefor…

  • What Can Explain Excess Smoothness and Sensitivity of State-Level Consumption

    María Luengo-Prado, María José Luengo-Prado et al.ARTICLEThe Review of Economics and…2008

    This article estimates marginal propensities to consume (MPC) out of current and lagged income for U.S. states using panel data regressions that control for time-specific and state-level fixed effects. The MPCs vary across states; in particular, the MPC out of current income is higher in states where income is more persistent, and the MPC out of lagged income is lower in agricultural states. We show that the estimated MPCs can be matched by a mod…

  • Net Capital Flows and Productivity: Evidence from U.S. States

    Open AccessṢebnem Kalemli‐Özcan, Sebnem Kalemli-Ozcan et al.ARTICLESSRN Electronic Journal2005

  • Consumption and Aggregate Constraints: Evidence from U.S. States and Canadian Provinces

    Charlotte Østergaard, Bent E Sørensen et al.ARTICLEJournal of Political Economy2002References: 5

    State-level consumption exhibits excess sensitivity to lagged income to the same extent as US aggregate data, but state-specific (idiosyncratic) consumption exhibits substantially less sensitivity to lagged state-specific income---a result that also holds for Canadian provinces. We propose the following interpretation: borrowing and lending in response to changes in consumer demand is easier for an individual US state than it is for the US as a w…

  • Worker Flows and Job Flows in Danish Manufacturing, 1980‐91

    Open AccessKarsten Albak, Bent E SørensenARTICLEThe Economic Journal1998Cited by: 10References: 1

    Journal Article Worker Flows and Job Flows in Danish Manufacturing, 1980‐91 Get access Karsten Albak, Karsten Albak University of Copenhagen Search for other works by this author on: Oxford Academic Google Scholar Bent E. Sørensen Bent E. Sørensen Brown University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 108, Issue 451, 1 November 1998, Pages 1750–1771, https://doi.org/10.1111/1468-0297…

  • A Continuous-Time Arbitrage-Pricing Model With Stochastic Volatility and Jumps

    Mun S Ho, William Perraudin et al.ARTICLEJournal of Business and Economic…1996

    We formulate and test a continuous-time asset-pricing model using U.S. equity market data. We assume that stock returns are driven by common factors including random jump-size Poisson processes and Brownian motions with stochastic volatility. The model places overidentifying restrictions on the mean returns, allowing one to identify risk-neutral probability distributions useful in pricing derivative securities. We test for the restrictions and de…

  • GMM Estimation of a Stochastic Volatility Model: A Monte Carlo Study

    Torben G Andersen, Bent E SørensenARTICLEJournal of Business and Economic…1996

    We examine alternative generalized method of moments procedures for estimation of a stochastic autoregressive volatility model by Monte Carlo methods. We document the existence of a tradeoff between the number of moments, or information, included in estimation and the quality, or precision, of the objective function used for estimation. Furthermore, an approximation to the optimal weighting matrix is used to explore the impact of the weighting ma…

  • Finding Cointegration Rank in High Dimensional Systems Using the Johansen Test: An Illustration Using Data Based Monte Carlo Simulations

    Mun S Ho, Bent E SørensenARTICLEThe Review of Economics and…1996

    Mun S. Ho, , Finding Cointegration Rank in High Dimensional Systems Using the Johansen Test: An Illustration Using Data Based Monte Carlo Simulations, The Review of Economics and Statistics, Vol. 78, No. 4 (Nov., 1996), pp. 726-732

  • The Credit-Constrained Consumer: An Empirical Study of Demand and Supply in the Loan Market

    William Perraudin, William R M Perraudin et al.ARTICLEJournal of Business and Economic…1992

    This article presents an empirical analysis of credit-constrained households in which models of both demand and supply sides of the market for loans are simultaneously estimated. We develop a discrete-choice logit model of the consumers' decision on whether or not to apply for credit. Combining this with a reduced-form logistic model for the banks' credit-granting decision, we then estimate the model with cross-sectional data, as a nonlinear, ord…