This research note examined the performance of Geographically Weighted Regression (GWR) using two calibration methods. The first method, Cross Validation (CV), has been commonly used in the applied literature using GWR. A second criterion selected an optimal bandwidth that corresponded with the...

Using survey data of market expectations, we describe which popular exchange rate models appear to be consistent with expectation formation of market forecasters. Exchange rate expectations are found to be correlated with inflation differentials and productivity differentials, indicating that...

General equilibrium models in which compensation for local amenities occurs in both housing and labour markets have been widely used to generate implicit amenity prices and regional quality of life indices. An implication and prospective test of such models is that individuals who are outside...