Cluster-corrected standard errors are widely used but may sometimes be inappropriate since household surveys are increasingly geo-referenced. Compared with the appropriate spatial error models that use details on exact locations, cluster corrections impose untested restrictions on spatial...

While there has been much discussion of the role of liquidity in the recent financial crises, there has been little discussion of the use of macroeconomic aggregation techniques to measure total liquidity available to the market. In this paper, we provide an approximation of the liquidity...

Method of survey data collection, especially at household or personal interview, responders frequently answers extreme, because of their pre-assumption on questionnaire to get financial or food aid. This reduces data consistency and advances leverage that affects estimation procedure and...

An important aspect of household surveys is the design of consumption questions. A controlled experiment shows that a single question on total monthly nondurables expenditure and a design with 35 disaggregated categories produce different results. These differences vary with household...

Scores are commonly used in environmental valuation exercises. The two main procedures when testing for score differences are the within sample and the between sample approaches. Their conclusions do not always coincide. With a case study involving scores on difficulty of responding to two...

This note reflects on the key parameter of the popular logistic quantal-response equilibrium in order to set some common guidelines on its empirical interpretation. It is stressed that the estimated model must be in harmony with the experimental design, because the estimation results on mu prove...

The aim of this paper is to investigate the effects of institutional change on the evolution of the Italian bank branch distribution. As a consequence of the “liberalisation†of the late 1980s and early 1990s, banks were free to open new branches in their preferred locations, without...

Method of survey data collection, especially at household or personal interview, responders frequently answers extreme, because of their pre-assumption on questionnaire to get financial or food aid. This reduces data consistency and advances leverage that affects estimation procedure and...

We present a real-time macro data set for the UK. Each variable has many different vintages - reflecting the revisions and s that occur over time. Our aim is to provide a resource for researchers evaluating UK forecasting performance and policy-making in real time. We illustrate the importance...

We analyze the redistributive role played by governments during the 1990s expansionary economic cycle in several OECD countries. We find a duality among countries: while governments in the Euro-area play a crucial role in the redistributive process, government interventions reduce the...