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The UK's great demand and supply recession

Jacob, Nick; Mion, Giordano - 2020

framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …. This in turn allows us to measure how changes in TFP-Q, demand and markups ultimately affected revenue TFP, as well as …-recession is due to both a weakening of demand and a decreasing TFP-Q pushing down sales, markups, revenue TFP and labour …

Persistent link: https://www.econbiz.de/10012387534

The elasticity of derived demand, factor substitution and product demand : corrections to Hicks' formula and Marshall's four rules

Chirinko, Robert S. (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003364306

Can regional decentralisation shift health care preferences?

Costa-Font, Joan; Ferrer-i-Carbonell, Ada - 2017

Uniform health care delivered by a mainstream public insurer - such as the National Health Service (NHS), seldom satisfies heterogeneous demands for care, and some unsatisfied share of the population either use private health care, or purchase private insurance (PHI). One potential mechanism to...

Persistent link: https://www.econbiz.de/10011761622

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Volatility forecasts for the RTS stock index : optionimplied volatility versus alternative methods

Caporale, Guglielmo Maria; Teterkina, Daria - 2019

This paper compares volatility forecasts for the RTS Index (the main index for the Russian stock market) generated by alternative models, specifically option-implied volatility forecasts based on the Black-Scholes model, ARCH/GARCH-type model forecasts, and forecasts combining those two using a...

Persistent link: https://www.econbiz.de/10011997328

Forecast uncertainties in macroeconometric modelling : an application to the UK economy

Pesaran, M. Hashem - 2000

This paper argues that probability forecasts convey information on the uncertainties that surround macroeconomic forecasts in a manner which is straightforward and which is preferable to other alternatives, including the use of confidence intervals. Probability forecasts relating to UK output...

Persistent link: https://www.econbiz.de/10009781626

Biased forecasts and voting : the Brexit referendum case

Bizzotto, Jacopo; Cipullo, Davide; Reslow, André - 2024 - This version: July 1, 2024

This paper explores whether professional macroeconomic forecasters manipulate their forecasts to influence voting outcomes. We model a referendum in which a voter chooses between two policies. The voter relies on a forecaster to learn about the macroeconomic consequences of the policies. The...

Persistent link: https://www.econbiz.de/10014583811

Approximate expected utility rationalization

Echenique, Federico; Imai, Taisuke; Saito, Kota - 2018

We propose a new measure of deviations from expected utility, given data on economic choices under risk and uncertainty. In a revealed preference setup, and given a positive number e, we provide a characterization of the datasets whose deviation (in beliefs, utility, or perceived prices) is...

Persistent link: https://www.econbiz.de/10011931433

Meta-analysis of inequality aversion estimates

Nunnari, Salvatore; Pozzi, Maximilian Joseph - 2022

We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy) and advantageous inequality aversion (or guilt) from 26...

Persistent link: https://www.econbiz.de/10013285841

Fiscal federalism, decentralization and economic growth : survey and meta-analysis

Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - 2014

The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...

Persistent link: https://www.econbiz.de/10010412862