Showing 1 - 10 of 64
Persistent link: https://www.econbiz.de/10000767817
Persistent link: https://www.econbiz.de/10003880330
This paper assesses the validity of the perception-based governance indicators used by the US Millennium Challenge Account (MCA) for aid allocation decisions. By conducting Explanatory and Confirmatory Factor Analysis of data from 1996 to 2009, we find that although the MCA purports to measure...
Persistent link: https://www.econbiz.de/10008905984
Persistent link: https://www.econbiz.de/10003518841
Persistent link: https://www.econbiz.de/10003527455
Persistent link: https://www.econbiz.de/10003515125
A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...
Persistent link: https://www.econbiz.de/10009507101
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
Persistent link: https://www.econbiz.de/10009243075
Recent literature has proposed new methods for measuring the systemic risk of financial institutions based on observed stock returns. In this paper we examine the reliability and robustness of such risk measures, focusing on CoVaR, marginal expected shortfall, and option-based tail risk...
Persistent link: https://www.econbiz.de/10009720895