Showing 1 - 10 of 4,603
The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … for a set of additive time series, such as those in the national income and product accounts, is derived. All variants of …
Persistent link: https://www.econbiz.de/10011514055
We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial …
Persistent link: https://www.econbiz.de/10012597680
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter's currency. We then study the relationship between invoicing currency choices and...
Persistent link: https://www.econbiz.de/10012029070
We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI Phillips curves across countries for 34 OECD member and candidate economies from 1985 to 2010 augmented with climate variables. We allow for nonlinear effects of precipitation...
Persistent link: https://www.econbiz.de/10013380872
Population forecasts indicate that the world is facing massive demographic changes during the 21st century. This does … and age distribution across countries in a fundamental way. In this paper we focus on the income consequences of these … changes for the global income distribution. Key in this respect are changes in the so-called demographic dividend associated …
Persistent link: https://www.econbiz.de/10014529194
terms of foreign exchange market dynamics. An implementable financial stress index (FSI) is created and then used to … currencies) and we show that such an index has potential value in protecting a portfolio against loss during periods of stress …
Persistent link: https://www.econbiz.de/10003861767
We formulate a simple theoretical model of a banking industry that we use to identify and construct theory …
Persistent link: https://www.econbiz.de/10003994497
country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 …We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every …) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures …
Persistent link: https://www.econbiz.de/10011954444
social outcomes are not well understood. We develop a novel index of ethnic segregation that takes both ethnic and spatial … distances between individuals into account. Importantly, we can decompose this index into indices of spatial dispersion …
Persistent link: https://www.econbiz.de/10011747456
Persistent link: https://www.econbiz.de/10003496561