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Persistent link: https://www.econbiz.de/10012691029
Intro -- Contents -- I. INTRODUCTION -- II. HEDONIC INDEXES -- III. WHY HEDONIC IMPUTATION AND DUMMY TIME HEDONIC INDEXES DIFFER -- IV. CHOICE BETWEEN HEDONIC INDEXES AND DUMMY TIME HEDONIC INDEXES -- V. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691089
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number … formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give … as to why such formulas differ and proposes a solution to this index number problem …
Persistent link: https://www.econbiz.de/10012677703
paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space … markets, debt distress level, and the exchange rate regime. The final policy space index is derived as a composite of the … three nominal policy space indicators, each adjusted for five institutional features. This index is different from the …
Persistent link: https://www.econbiz.de/10015060334
Persistent link: https://www.econbiz.de/10012691015
coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and …
Persistent link: https://www.econbiz.de/10012677760
The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area GDP. We investigate whether financial variables carry additional information. We use vector autoregressions (VARs) which include the U.S. and the euro area GDPs as a minimal...
Persistent link: https://www.econbiz.de/10012677494
This paper gauges the key determinants of China's private consumption in relation to GDP using data on the Chinese economy and evidence from other countries' experiences. The results suggest there is nothing ""special"" about consumption in China. Rather, the challenge is to explain why the...
Persistent link: https://www.econbiz.de/10012677619
Many central banks and government agencies use nowcasting techniques to obtain policy relevant information about the business cycle. Existing nowcasting methods, however, have two critical shortcomings for this purpose. First, in contrast to machine-learning models, they do not provide much if...
Persistent link: https://www.econbiz.de/10015059646
The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s....
Persistent link: https://www.econbiz.de/10014409031