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Constructing socio-demographic indicators for National Statistical Institutes using mobile phone data : estimating literacy rates in Senegal
Schmid, Timo; Bruckschen, Fabian; Salvati, Nicola; … - 2016
Modern systems of official statistics require the accurate and timely estimation of socio-demographic indicators for disaggregated geographical regions. Traditional data collection methods such as censuses or household surveys impose great financial and organizational burdens for National...
Persistent link: https://www.econbiz.de/10011455043
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Embedding as a pitfall for survey-based welfare indicators : evidence from an experiment
Hetschko, Clemens; Reumont, Louisa von; Schöb, Ronnie - 2017 - This version: March 2017
How can we assess the welfare of a society, its evolution over time and predict its change due to particular policy interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a variety of quality of life indicators according...
Persistent link: https://www.econbiz.de/10011625648
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Disentangling economic recessions and depressions
Candelon, Bertrand; Metiu, Norbert; Straetmans, Stefan - 2013
We propose a nonparametric test that distinguishes “depressions” and “booms” from ordinary recessions and expansions. Depressions and booms are defined as coming from another underlying process than recessions and expansions. We find four depressions and booms in the NBER business cycle...
Persistent link: https://www.econbiz.de/10010202869
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Uncertainty shocks and financial crisis indicators
Hristov, Nikolay; Roth, Markus - 2019
The current paper broadens the understanding for the role of uncertainty in the context of a macroeconomic environment. It focuses on the implications of uncertainty shocks on indicators that tend to precede financial crises. In an empirical analysis we show for a set of four euro area countries...
Persistent link: https://www.econbiz.de/10012102657
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Did output gap measurement improve over time?
Chiu, Adrian; Wieladek, Tomasz - 2012
measurement errors has shifted. Surprisingly, we do not find evidence that the size of output gap revisions has decreased over … time; on the contrary, they seem to have increased. But the fraction of measurement errors due to omitted contemporaneous … information has declind. This suggests that while the OECD's accuracy in output gap measurement has failed to improve, its …
Persistent link: https://www.econbiz.de/10009559228
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Understanding global liquidity
Eickmeier, Sandra; Gambacorta, Leonardo; Hofmann, Boris - 2013
We explore the concept of global liquidity based on a factor model estimated using a large set of financial and macroeconomic variables from 24 advanced and emerging market economies. We measure global liquidity conditions based on the common global factors in the dynamics of liquidity...
Persistent link: https://www.econbiz.de/10009720899
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A single composite financial stress indicator and its real impact in the euro area
Islami, Mevlud; Kurz-Kim, Jeong-Ryeol - 2013
In this paper, we construct a single composite financial stress indicator (FSI) which aims to predict developments in the real economy in the euro area. Our FSI was shown to perform better than the Euro STOXX 50 volatility index for the recent banking crisis and the euro-area sovereign debt...
Persistent link: https://www.econbiz.de/10009792981
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Monetary conditions indices for the UK : a survey
Batini, Nicoletta; Turnbull, Kenny - 2000
Monetary Conditions Indices (MCIs) are weighted averages of changes in an interest rate and an exchange rate relative to their values in a base period. A few central banks calculate MCIs for use in monetary policy. Although the Bank of England does not calculate such an index, several...
Persistent link: https://www.econbiz.de/10011518087
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What predicts financial (in)stability? : a Bayesian approach
Eidenberger, Judith; Neudorfer, Benjamin; Sigmund, Michael - 2014
This paper contributes to the literature on early warning indicators by applying a Bayesian model averaging approach. Our analysis, based on Austrian data, is carried out in two steps: First, we construct a quarterly financial stress index (AFSI) quantifying the level of stress in the Austrian...
Persistent link: https://www.econbiz.de/10010458174
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Appréhender la conjoncture à l'aide de la méthode de Stock-Watson : une application à l'économie belge
Bodart, Vincent; Candelon, Bertrand - 1999
Persistent link: https://www.econbiz.de/10001430472