Publications - Carsten Tanggaard https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Bcontroller%5D=Publications&cHash=93505d026b7f9bdc61ae7fe471608018 en-us PURE Extension typo3support@science.au.dk (Web Department) 30 <![CDATA[Differencekontrakter]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=b112678b-ef43-4372-a351-e9d4ca2fa4ac&tx_pure_pure5%5BshowType%5D=pub&cHash=5bfc33e9b8c5a2f881b93f853bb02fa1 Jørgensen, T., Tanggaard, C. Forskning Thu, 08 Apr 2021 18:10:37 +0200 b112678b-ef43-4372-a351-e9d4ca2fa4ac <![CDATA[Forbrugerens udfordringer med forsikrings- og pensionsbeslutninger]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=2506039a-cf65-4c1c-a34a-fb92893e2b02&tx_pure_pure5%5BshowType%5D=pub&cHash=ddf46892edee917ad97def677e9dfdd7 Hougaard Jensen, S. E., Kallestrup-Lamb, M., Mogensen, S., Tanggaard, C. Forskning Wed, 01 Jan 2020 18:10:37 +0100 2506039a-cf65-4c1c-a34a-fb92893e2b02 <![CDATA[Bankerne fylder hylderne med nye højrisikable finansielle væddemål]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=b7cdf4d1-fa59-4601-8b6d-7e4702e17383&tx_pure_pure5%5BshowType%5D=pub&cHash=024149177e7aa244a3c5991708aaa249 Tanggaard, C. Forskning Tue, 18 Sep 2018 18:10:37 +0200 b7cdf4d1-fa59-4601-8b6d-7e4702e17383 <![CDATA[Anskueliggørelse af investeringsomkostninger]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=1c9ac4f0-f641-4df1-8fb1-457e96cdab25&tx_pure_pure5%5BshowType%5D=pub&cHash=812c799b659870ce40807db0c0a72945 Holmberg, T. H., Munck, H., Steffensen, M., Tanggaard, C., Tingey, S. R. Forskning Mon, 01 Jan 2018 18:10:37 +0100 1c9ac4f0-f641-4df1-8fb1-457e96cdab25 <![CDATA[Anskueliggørelse af investeringsomkostninger]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=e45b0615-dc9c-4d2b-958e-44b43cb8ea13&tx_pure_pure5%5BshowType%5D=pub&cHash=f63cd60fd6f6c9308959b21c10628cea Holmberg, T. H., Munck, H., Steffensen, M., Tanggaard, C., Tingey, S. R. Forskning Mon, 01 Jan 2018 18:10:37 +0100 e45b0615-dc9c-4d2b-958e-44b43cb8ea13 <![CDATA[Mere pensionsopsparing, mindre kapitalforvaltning]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=9bb04ada-3f30-4969-af95-7a08c35495af&tx_pure_pure5%5BshowType%5D=pub&cHash=b6f361d2374291e529474bd01255d446 Tanggaard, C. Formidling Wed, 24 Oct 2018 18:10:37 +0200 9bb04ada-3f30-4969-af95-7a08c35495af <![CDATA[Danskerne er fradragsjunkier]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=6dddab53-2c88-4e2c-9c55-16f445fe21b9&tx_pure_pure5%5BshowType%5D=pub&cHash=c5639858131e37818571efa012f704aa Tanggaard, C. Formidling Thu, 22 Nov 2018 18:10:37 +0100 6dddab53-2c88-4e2c-9c55-16f445fe21b9 <![CDATA[Transaktionsomkostninger]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=ce4d8e75-e6c6-4f31-9562-1ff4df531d15&tx_pure_pure5%5BshowType%5D=pub&cHash=514fc692dbb3b15e2fc4c3cb9262be25 Tanggaard, C. Forskning Mon, 01 Jan 2018 18:10:37 +0100 ce4d8e75-e6c6-4f31-9562-1ff4df531d15 <![CDATA[Sådan stopper man højfrekvent handel]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=874a0424-8399-42e2-82fe-44f29c1597e8&tx_pure_pure5%5BshowType%5D=pub&cHash=924e27b1261be3058c525e164fc5ff06 Engsted, T., Tanggaard, C. Formidling Sat, 18 Mar 2017 18:10:37 +0100 874a0424-8399-42e2-82fe-44f29c1597e8 <![CDATA[Morningstar-rapport er fri fantasi]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=d23f8e07-b202-4d98-929d-6378465ebbc4&tx_pure_pure5%5BshowType%5D=pub&cHash=771d3f70ff05dbbcaca43948049d0d61 Engsted, T., Tanggaard, C. Formidling Sun, 24 Jan 2016 18:10:37 +0100 d23f8e07-b202-4d98-929d-6378465ebbc4 <![CDATA[Global Polynomial Kernel Hazard Estimation]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=a7cbc54c-2f74-4086-bb5a-6fed60864139&tx_pure_pure5%5BshowType%5D=pub&cHash=bcf1bfc97e52f7efd9bc2015445f10f3 Hiabu, M., Miranda, M. D. M., Nielsen, J. P., Spreeuw, J., Tanggaard, C., Villegas, A. The method is called global polynomial adjustment (GPA). It is
a global correction which is applicable to any kernel hazard estimator. The
estimator works well from a theoretical point of view as it asymptotically
reduces bias with unchanged variance. A simulation study investigates the
finite-sample properties of GPA. The method is tested on local constant and
local linear estimators. From the simulation experiment we conclude that
the global estimator improves the goodness-of-fit. An especially encouraging
result is that the bias-correction works well for small samples, where traditional
bias reduction methods have a tendency to fail.]]>
Forskning Wed, 01 Jul 2015 18:10:37 +0200 a7cbc54c-2f74-4086-bb5a-6fed60864139
<![CDATA[Investeringsforeninger, deres bestyrelser og bankerne under beskydning – hvad er problemet med omkostningerne?]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=8c27ec28-8046-4f2b-a465-09eb88643fc0&tx_pure_pure5%5BshowType%5D=pub&cHash=0e3f722338161b3221b69b03572c1da3 Bechmann, K., Tanggaard, C. Forskning Wed, 01 Jan 2014 18:10:37 +0100 8c27ec28-8046-4f2b-a465-09eb88643fc0 <![CDATA[Asymmetric Information, Self-selection, and Pricing of Insurance Contracts]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=4698d4cb-fe90-4fac-a600-4ee2eb71e5fc&tx_pure_pure5%5BshowType%5D=pub&cHash=181c7ebe7a5ae2a7cdcc7eb6e1963e4d Donnelly, C., Englund, M. K., Nielsen, J. P., Tanggaard, C. Forskning Mon, 01 Dec 2014 18:10:37 +0100 4698d4cb-fe90-4fac-a600-4ee2eb71e5fc <![CDATA[Aktiv forvaltning er en dødssejler]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=b41bedab-e134-4a7e-adc0-01c4326137bf&tx_pure_pure5%5BshowType%5D=pub&cHash=358984c9c15c4ee451ec98e30ae30b75 Tanggaard, C., Engsted, T. Formidling Wed, 29 Oct 2014 18:10:37 +0100 b41bedab-e134-4a7e-adc0-01c4326137bf <![CDATA[Anders Grosen - redaktør og samfundsdebattør]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=95016965-625b-48ce-8b46-53ebfc7ba35c&tx_pure_pure5%5BshowType%5D=pub&cHash=ca84a6e47a15c38143cbc2ce6732cd54 Balling, M., Engsted, T., Jakobsen, S., Møller, M., Tanggaard, C. Formidling Wed, 01 Jan 2014 18:10:37 +0100 95016965-625b-48ce-8b46-53ebfc7ba35c <![CDATA[Horisontberegninger for boliglån: forslag til nøgletal for boligfinansiering]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=18fe3c3d-8a88-481d-ab27-9408d0ed0bb5&tx_pure_pure5%5BshowType%5D=pub&cHash=e068c15d3b9cd263f48a541d79e8b6fb Tanggaard, C., Jakobsen, S., Leth-Petersen , S. ., et al. Formidling Tue, 01 Jan 2013 18:10:37 +0100 18fe3c3d-8a88-481d-ab27-9408d0ed0bb5 <![CDATA[Omlægning af kapitalpension til aldersopsparing i et pensionsselskab: anbefalinger fra Penge- og Pensionspanelet]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=538bc043-162b-4a26-832d-75321000f56c&tx_pure_pure5%5BshowType%5D=pub&cHash=7f1d298933a087f845ac4fbf2b728789 Habel, C., Jensen, K. L., Møller, M., Pedersen, M. B., Tanggaard, C. Formidling Tue, 01 Jan 2013 18:10:37 +0100 538bc043-162b-4a26-832d-75321000f56c <![CDATA[Omlægning af kapitalpension til aldersopsparing i et pengeinstitut: anbefalinger fra Penge- og Pensionspanelet]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=fe5954b0-a350-4507-aca5-8a6e2b701db3&tx_pure_pure5%5BshowType%5D=pub&cHash=86c0158cbf45648b417fac08ee6ae398 Habel, C., Jensen, K. L., Møller, M., Pedersen, M. B., Tanggaard, C. Formidling Tue, 01 Jan 2013 18:10:37 +0100 fe5954b0-a350-4507-aca5-8a6e2b701db3 <![CDATA[Rangvid rapporten om investeringsrådgivning]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=a35976e2-8450-4afd-9b89-f7e5fd879fed&tx_pure_pure5%5BshowType%5D=pub&cHash=4c364c8c4819c5da3aa78038ab7bb166 Tanggaard, C. Forskning Tue, 01 Jan 2013 18:10:37 +0100 a35976e2-8450-4afd-9b89-f7e5fd879fed <![CDATA[Det finansielle system og krisen]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=59a2910a-85b2-41cf-86b5-e19047416c97&tx_pure_pure5%5BshowType%5D=pub&cHash=63318e6418b37d2164352ade65d1acb8 Engsted, T., Tanggaard, C., Balling, M. Forskning Tue, 01 Jan 2013 18:10:37 +0100 59a2910a-85b2-41cf-86b5-e19047416c97 <![CDATA[Malurt i bægeret]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=dcfc349c-ff9f-4745-a2c7-0735f0829721&tx_pure_pure5%5BshowType%5D=pub&cHash=d921b5e9f183ff152eacbbc8637ecede Engsted, T., Tanggaard, C. Formidling Thu, 25 Apr 2013 18:10:37 +0200 dcfc349c-ff9f-4745-a2c7-0735f0829721 <![CDATA[Kritik af investeringsforeninger]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=bc5a8633-84ad-4a17-88a1-5f2652e841c0&tx_pure_pure5%5BshowType%5D=pub&cHash=99b38b28041d739615419c8e9cc04bfd Tanggaard, C. Formidling Sun, 01 Jan 2012 18:10:37 +0100 bc5a8633-84ad-4a17-88a1-5f2652e841c0 <![CDATA[Pitfalls in VAR based return decompositions: A clarification]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=3625c340-d91b-4ae8-ab8f-7ad0d11eecf0&tx_pure_pure5%5BshowType%5D=pub&cHash=195c0b8e5809f63de13ba07324ae01ec Engsted, T., Pedersen, T. Q., Tanggaard, C. Forskning Sun, 01 Jan 2012 18:10:37 +0100 3625c340-d91b-4ae8-ab8f-7ad0d11eecf0 <![CDATA[The Log-Linear Return Approximation, Bubbles, and Predictability]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=ec8cf075-eac5-4627-b108-2750aa965139&tx_pure_pure5%5BshowType%5D=pub&cHash=05958cd6b0fa95a48827f27cab574b93 Engsted, T., Pedersen, T. Q., Tanggaard, C. and Shiller (1988a). First, we derive an upper bound for the mean approximation
error, given stationarity of the log dividend-price ratio. Next, we simulate various
rational bubbles which have explosive conditional expectation, and we investigate
the magnitude of the approximation error in those cases. We …nd that surprisingly
the Campbell-Shiller approximation is very accurate even in the presence of large
explosive bubbles. Only in very large samples do we …nd evidence that bubbles
generate large approximation errors. Finally, we show that a bubble model in which
expected returns are constant can explain the predictability of stock returns from
the dividend-price ratio that many previous studies have documented.]]>
Forskning Sun, 01 Jan 2012 18:10:37 +0100 ec8cf075-eac5-4627-b108-2750aa965139
<![CDATA[The log-linear return approximation, bubbles, and predictability]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=7cfbd470-a9f3-11df-8c1a-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=4d8a87f432a8e39fb948a692197c5bca Engsted, T., Pedersen, T. Q., Tanggaard, C. Forskning Fri, 01 Jan 2010 18:10:37 +0100 7cfbd470-a9f3-11df-8c1a-000ea68e967b <![CDATA[Penge- og Pensionspanelet]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=6f7e8390-7aac-11df-8883-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=eb3a2cd4a9815db1c62458a00c80ca45 Tanggaard, C. For at sikre bedre oplysninger til forbrugerne om finansielle ydelser besluttede Folketinget i 2007 at oprette Penge- og Pensionspanelet. Panelets virksomhed er defineret i loven om finansiel virksomhed. Panelet har til formål på en objektiv måde at fremme forbrugernes interesse for og viden om finansielle produkter og ydelser. I det følgende redegøres der kort for Penge- og Pensionspanelets virksomhed.]]> Forskning Fri, 01 Jan 2010 18:10:37 +0100 6f7e8390-7aac-11df-8883-000ea68e967b <![CDATA[Pitfalls in VAR based return decompositions: A clarification]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=21202af0-206b-11df-b95d-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=1e69c05c02a7b0db839615248b7769a8 Engsted, T., Pedersen, T. Q., Tanggaard, C. compositions, we explain in detail the various limitations and pitfalls
involved in such decompositions. First, we show that Chen and Zhao's
interpretation of their excess bond return decomposition is wrong: the
residual component in their analysis is not "cashflow news" but "inter-
est rate news" which should not be zero. Consequently, in contrast
to what Chen and Zhao claim, their decomposition does not serve as
a valid caution against VAR based decompositions. Second, we point
out that in order for VAR based decompositions to be valid, the asset
price needs to be included as a state variable. In parts of Chen and
Zhao's analysis the price does not appear as a state variable, thus
rendering those parts of their analysis invalid. Finally, we clarify the
intriguing issue of the role of the residual component in equity return
decompositions. In a properly specified VAR, it makes no difference
whether return news and dividend news are both computed directly
or one of them is backed out as a residual.]]>
Forskning Fri, 01 Jan 2010 18:10:37 +0100 21202af0-206b-11df-b95d-000ea68e967b
<![CDATA[Finansiel rådgivning <strong>- </strong>behov for enkel og effektiv finansaftalelov]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=48fabd60-90a1-11de-bec7-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=d68182e5634d1294a8e167c3cf09ecab Grosen, A., Tanggaard, C.
På denne baggrund foreslår vi, at god-skik-regler mv. afløses af en egentlig finansaftalelov til direkte regulering af retsforholdet mellem kunde og bank. Vi foreslår desuden, at Folketinget gennem lovgivning sikrer, at alle nødvendige oplysninger for en kvalificeret rådgivning er offentligt tilgængelige for alle kunder og deres rådgivere. Kun herved kan den enkelte kunde træffe informerede valg.]]>
Forskning Thu, 01 Jan 2009 18:10:37 +0100 48fabd60-90a1-11de-bec7-000ea68e967b
<![CDATA[Finansiel rådgivning - et forbrugerpolitisk rædselskabinet]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=97019380-5cc1-11de-b1c3-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=957d1981764a0882959b3c57cc774460 Grosen, A., Tanggaard, C. Forskning Thu, 01 Jan 2009 18:10:37 +0100 97019380-5cc1-11de-b1c3-000ea68e967b <![CDATA[Paying for Market Quality]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=fe2aed40-1168-11dd-9cb7-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=b597b2034efa04d76c2852dc8bd1de04 Anand, A., Tanggaard, C., Weaver, D. G. Forskning Thu, 01 Jan 2009 18:10:37 +0100 fe2aed40-1168-11dd-9cb7-000ea68e967b <![CDATA[Dispersed trading and the prevention of market failure]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=9a0b18a0-9e6b-11dc-a8be-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=410a5916c5af301e5cd164197a459ad5 Porter, D. C., Tanggaard, C., Weaver, D. G., Yu, W. Udgivelsesdato: MAR]]> Forskning Tue, 01 Jan 2008 18:10:37 +0100 9a0b18a0-9e6b-11dc-a8be-000ea68e967b <![CDATA[Local linear density estimation for filtered survival data, with bias correction]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=3dd571c0-9e6b-11dc-a8be-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=fe9340e27f609161add36fa2ef9e0497 Nielsen, J. P., Tanggaard, C., Jones, M.C. Forskning Thu, 01 Jan 2009 18:10:38 +0100 3dd571c0-9e6b-11dc-a8be-000ea68e967b <![CDATA[Local Linear Density Estimation for Filtered Survival Data with Bias Correction]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=421e5a10-4bed-11dc-bee9-02004c4f4f50&tx_pure_pure5%5BshowType%5D=pub&cHash=d98f6ef9a8c555536b70116b41cf0121 Tanggaard, C., Nielsen, J. P., Jones, M.C. it comes to exposure robustness, and a simple alternative weighting is to be preferred. Indeed, this weighting has, effectively, to be well chosen in a ‘pilot' estimator of the survival function as well as in the main estimator itself. We also investigate multiplicative and additive bias correction methods within our framework. The multiplicative bias correction method proves to be best in a simulation study comparing the performance of the considered estimators. An example concerning old age mortality demonstrates the importance of the improvements provided.]]> Forskning Mon, 01 Jan 2007 18:10:38 +0100 421e5a10-4bed-11dc-bee9-02004c4f4f50 <![CDATA[Paying for Market Quality]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=6a4b9e40-ffac-11db-bee9-02004c4f4f50&tx_pure_pure5%5BshowType%5D=pub&cHash=53d19458f72f4866f4d3604c61221007 Tanggaard, C., Anand, A., Weaver, D. G. struggled with the means of providing compensation to liquidity providers in return for assuming these
obligations. This problem is acute for small stocks, which benefit most from the presence of designated
liquidity providers. In this study, we examine the 2002 decision by the Stockholm Stock Exchange to
allow listed firms to directly negotiate with liquidity suppliers for a desired level of liquidity in exchange
for a negotiated fee. We find that benefits accrue to firms that enter into such arrangements in the form of
significant improvements in market quality as well as price discovery. Further, we find that a firm's stock
price rises in direct proportion to the improvements in market quality. We study the determinants of the
compensation for liquidity provision and document a link between contracted fees and the level of desired
liquidity. By examining the trading of liquidity providers we find that their propensity to supply liquidity
increases at times of large spreads, and against market movements. Our findings suggest that firms
should consider these market quality improvement opportunities as they do other capital budgeting
decisions, especially in light of the positive externalities that we find accrue to the liquidity of the firms'
stocks.]]>
Forskning Mon, 01 Jan 2007 18:10:38 +0100 6a4b9e40-ffac-11db-bee9-02004c4f4f50
<![CDATA[Skovlen under banditterne]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=288b3f40-ebf9-11db-8476-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=cdee417ece4596d9b4faa3cfc51d79f3 Tanggaard, C. Formidling Mon, 01 Jan 2007 18:10:38 +0100 288b3f40-ebf9-11db-8476-000ea68e967b <![CDATA[The comovement of US and German bond markets]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=ff8934c0-caf2-11db-8cc2-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=a7e7cc61a10dfec6f230a9e3cc39d934 Engsted, T., Tanggaard, C. Forskning Mon, 01 Jan 2007 18:10:38 +0100 ff8934c0-caf2-11db-8cc2-000ea68e967b <![CDATA[Upstairs, downstairs]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=e2cb5b40-9ca0-11db-8e9e-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=4b6d5589aab39f6d6bfc6cdd1b365a27 Tanggaard, C. Forskning Sun, 01 Jan 2006 18:10:38 +0100 e2cb5b40-9ca0-11db-8e9e-000ea68e967b <![CDATA[Dispersed Trading and the Prevention of Market Failure]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=cc821860-9ca0-11db-8e9e-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=2065df9fa5ab841e3daae90bce8a1db2 Porter, D. C., Tanggaard, C., G. Weaver, D., Yu, W. Forskning Sun, 01 Jan 2006 18:10:38 +0100 cc821860-9ca0-11db-8e9e-000ea68e967b <![CDATA[Paying for Market Quality]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=a0db5230-9ca0-11db-8e9e-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=4ad9d0bf969f380b5e72b294171844d4 Anand, A., Tanggaard, C., G. Weaver, D. Forskning Sun, 01 Jan 2006 18:10:38 +0100 a0db5230-9ca0-11db-8e9e-000ea68e967b <![CDATA[Nonparametric smoothing of yield curves]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=e71ed130-93d3-11da-a599-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=85cdcfe0895a1943893e5aca1e69431e Tanggaard, C. Forskning Wed, 01 Jan 1997 18:10:38 +0100 e71ed130-93d3-11da-a599-000ea68e967b <![CDATA[The comovement of US and German bond markets]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=06e99210-2521-11da-af22-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=9f344f1356afe9e06fd440981c0e7afd Engsted, T., Tanggaard, C. Forskning Thu, 01 Jan 2004 18:10:38 +0100 06e99210-2521-11da-af22-000ea68e967b <![CDATA[Speculative bubbles in stock prices? Tests based on the price-dividend ratio]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=06b53ba0-2521-11da-af22-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=ecadee01d92f8b002d6766cc8ab65ffa Engsted, T., Tanggaard, C. Forskning Thu, 01 Jan 2004 18:10:38 +0100 06b53ba0-2521-11da-af22-000ea68e967b <![CDATA[Speculative bubbles in stock prices? Tests based on the price-dividend ratio]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=1991fff0-24ff-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=bdf2872665f4b84b454757ecbb1bac82 Engsted, T., Tanggaard, C. Forskning Wed, 01 Jan 2003 18:10:38 +0100 1991fff0-24ff-11da-834f-000ea68e967b <![CDATA[Trade classification by switching regressions]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=17535a90-24ff-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=3ce223c20b608ec46810eded702493b6 Tanggaard, C., Nyholm, K. Forskning Wed, 01 Jan 2003 18:10:38 +0100 17535a90-24ff-11da-834f-000ea68e967b <![CDATA[The comovement of US and UK stock market]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=10af5f40-24ff-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=db97781d5501863ee1c4a3516c864691 Engsted, T., Tanggaard, C. Forskning Tue, 01 Jan 2002 18:10:38 +0100 10af5f40-24ff-11da-834f-000ea68e967b <![CDATA[The Comovement of US and UK Stock Markets]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=ff6ae6a0-24fe-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=9b3a0c5597740eca521c4592f388230e Engsted, T., Tanggaard, C. Forskning Mon, 01 Jan 2001 18:10:38 +0100 ff6ae6a0-24fe-11da-834f-000ea68e967b <![CDATA[The Danish Stock and Bond Markets: Comovement, Return Predictability and Variance Decomposition]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=ff4becf0-24fe-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=78637d9b33e0a86bf92f0b220dc248b4 Engsted, T., Tanggaard, C. Forskning Mon, 01 Jan 2001 18:10:38 +0100 ff4becf0-24fe-11da-834f-000ea68e967b <![CDATA[Evaluating the C-CAPM and the Equity Premium Puzzle at Short and Long Horizons: A Markovian Bootstrap Approach]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=eb7a12b0-24fe-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=b29c0191b5e7b5c72bbe90af4e777bcb Engsted, T., Mammen, E., Tanggaard, C. Forskning Mon, 01 Jan 2001 18:10:38 +0100 eb7a12b0-24fe-11da-834f-000ea68e967b <![CDATA[The relation between asset returns and inflation at short and long horizons]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=eb2dc770-24fe-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=4b9f3612d50bb11404c100acc3a2522b Engsted, T., Tanggaard, C. Forskning Sat, 01 Jan 2000 18:10:38 +0100 eb2dc770-24fe-11da-834f-000ea68e967b <![CDATA[Liquidity, Bid-Ask Spreads, and Execution Costs: A Comparison of NYSE and CSE Trading Data]]> https://econ.au.dk/da/research/researchcentres/creates/people/research-fellows/carsten-tanggaard?tx_pure_pure5%5Baction%5D=single&tx_pure_pure5%5Bcontroller%5D=Publications&tx_pure_pure5%5Bid%5D=d76cb610-24fe-11da-834f-000ea68e967b&tx_pure_pure5%5BshowType%5D=pub&cHash=7143cfff46c8a9c65a312a8c7d233ba1 Tanggaard, C., Moulton, J.S. Forskning Thu, 01 Jan 1998 18:10:38 +0100 d76cb610-24fe-11da-834f-000ea68e967b