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An application of index numbers theory to interest rates

Huerga, Javier; Steklacova, Lucia - 2008

This paper uses index number theory to disentangle changes in aggregate retail interest rates due to changes in individual component rates (“interest rate effect”) from those caused by changes in the weights of each component (“weight effect”), on the basis of the “difference” index...

Persistent link: https://www.econbiz.de/10011604985

Efficiency, Inefficiency and the MENA Frontier

Christopoulos, Dimitris; McAdam, Peter - 2015

resources, demographic pressures, human capital etc. The originality of our contribution is the use of a large data set …

Persistent link: https://www.econbiz.de/10011605802

Efficiency, Inefficiency and the MENA Frontier

Christopulos, Dēmētrēs K. - 2015

resources, demographic pressures, human capital etc. The originality of our contribution is the use of a large data set …

Persistent link: https://www.econbiz.de/10013030868

Capital and labour (mis)allocation in the euro area: some stylized facts and determinants

Gamberoni, Elisa; Giordano, Claire; Lopez-Garcia, Paloma - 2016

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …

Persistent link: https://www.econbiz.de/10011606026

Efficiency and risk in european banking

Fiordelisi, Franco; Marqués-Ibáñez, David; Molyneux, Phil - 2010

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

Persistent link: https://www.econbiz.de/10011605257

Capital and Labour (Mis)Allocation in the Euro Area : Some Stylized Facts and Determinants

Gamberoni, Elisa - 2017

Persistent link: https://www.econbiz.de/10012963907

Satellites turn "concrete": Tracking cement with satellite data and neural networks

D'Aspremont, Alexandre; Arous, Simon Ben; Bricongne, … - 2024

This paper exploits daily infrared images taken from satellites to track economic activity in advanced and emerging countries. We first develop a framework to read, clean, and exploit satellite images. Our algorithm uses the laws of physics (Planck's law) and machine learning to detect the heat...

Persistent link: https://www.econbiz.de/10014543624

Subsidising car purchases in the euro area: Any spill-over on production?

Paredes, Joan - 2017

Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many...

Persistent link: https://www.econbiz.de/10011804409

Exploring Okun's law asymmetry: An endogenous threshold LSTR approach

Christopoulos, Dimitris; McAdam, Peter; Tzavalis, Elias - 2019

Using a novel methodology, we offer new evidence that a threshold relationship exists for Okun's law. We use a logistic smoothed transition regression (LSTR) model where possible threshold endogeneity is addressed based on copula theory. We also suggest a new test of the linearity hypothesis...

Persistent link: https://www.econbiz.de/10012389548

Forecasting macroeconomic risk in real time: Great and Covid-19 recessions

De Santis, Roberto A.; Van der Veken, Wouter - 2020

We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock (such as the Covid-19 recession), financial variables...

Persistent link: https://www.econbiz.de/10012422098