A highly-charged debate that has raged now for four years on the replacement of the long-form census with the voluntary National Household Survey (NHS) has become more political and symbolic than substantive at this point. This article makes the case that the NHS has produced useable high...

The underlying nature of forecast optimization makes the rational expectations hypothesis (REH) a framework that is theoretically consistent with the expectations formation produced by economic agents under well-defined assumptions of unbiased forecasts and efficient utilization of available...

In India, over the years, the progress in women’s nutritional status has been less impressive and remains as a major problem for health policy. The dual burden of nutritional disorder of women in India is posing a serious challenge not only for nutritional policy but also for socio-economic...

As the largest Muslim community in the world, Indonesia is optimist on implementing Islamic economy as one of the system. The previous global financial turmoil has made the attention turn on the Islamic financial model, and in particular the Islamic banking system. This model offers a...

A widespread method for now- and forecasting economic macro level parameters such as GDP growth rates are survey-based indicators which contain early information in contrast to official data. But surveys are commonly affected by nonresponding units which can produce biases if these missing...

The paper compares different procedures to convert in ordinary quantitative indicators the results of qualitative tendency surveys. The main result is that different procedures tend to produce quantitative indicators with a very similar dynamics. A new quantification method based on the...

The rational expectations hypothesis (REH) serves as an appealing mechanism in forming expectations compared to that of extrapolative or adaptive frameworks because of its consistency with the basic principles of maximizing behavior. This argument is particularly true as the basic idea of REH...

A growing body of literature reports evidence of social interaction effects in survey expectations. In this note, we argue that evidence in favor of social interaction effects should be treated with caution, or could even be spurious. Utilizing a parsimonious stochastic model of expectation...

In their paper Frank F., Gencay R., and Stengos T., (1988) analyze the quarterly macroeconomic data from 1960 to 1988 for West Germany, Italy, Japan and England. The goal was to check for the presence of deterministic chaos. To ensure that the data analysed was stationary they used a first...

This paper applies the Bayesian method to estimate a Dynamic Stochastic General Equilibrium (DSGE) model using quarterly data for the UK over the period from 1971:Q1 through 2009:Q2. The contribution of the paper is two-fold. First, we estimate a model characterised by nominal and real...