Showing 1 - 10 of 71
This paper aims at presenting a new voting function which is obtained in Balinski-Laraki's framework and benefits mean and median advantages. The so-called Mean-Median Comprise Method (MMCM) has fulfilled criteria such as unanimity, neutrality, anonymity, monotonicity, and Arrow's independence...
Persistent link: https://www.econbiz.de/10011274903
This paper compares the different dynamics of simple sum monetary aggregates and the Divisia indexes over time, over the business cycle, and across high and low inflation and interest rate phases. Although the traditional comparison of the series may suggest that they share similar dynamics,...
Persistent link: https://www.econbiz.de/10005836240
This paper compares the different dynamics of the simple sum monetary aggregates and the Divisia monetary aggregate indexes over time, over the business cycle, and across high and low inflation and interest rate phases. Although traditional comparisons of the series sometimes suggest that simple...
Persistent link: https://www.econbiz.de/10005836526
misunderstanding after another. The bad data produced by simple sum aggregation have contaminated research in monetary economics, have … aggregation theory, now exist, the usual official central bank data are not based on that better approach. While aggregation … throughout the world, the only central banks that currently make aggregation-theoretic monetary aggregates available to the …
Persistent link: https://www.econbiz.de/10005836728
daily and weekly data. Daily and weekly data are employed to show the effect of aggregation as it pertains to Google data …
Persistent link: https://www.econbiz.de/10008536833
This paper presents an index of institutionalized social technologies covering its two main dimensions namely Risk reducing technologies and Anti Rent seeking technologies and in turn covers several social, institutional, political and economic aspects. Specifically it attempted to classify and...
Persistent link: https://www.econbiz.de/10008476377
queries. Daily and weekly data are used to discuss the effects that normalization, scaling, and aggregation have on the …
Persistent link: https://www.econbiz.de/10008527358
The models Feldstein and Rothschild (1974) and Jorgenson (1974) adopted to highlight the nature of the replacement ratio were identical. Yet, even though the theorems they derived from them were complementary and reinforced each other, the authors reached diametrically opposite conclusions....
Persistent link: https://www.econbiz.de/10008529307
Using a Monte Carlo experiment, this paper explores the impact of data aggregation on measuring the FDI spillovers. We … find the aggregation significantly covers up the spillovers, which is further exacerbated by the correlation between the … foreign presence and the explanatory variable at the disaggregate level. However, if the FDI at the level of aggregation is …
Persistent link: https://www.econbiz.de/10005034599
does not hold at the macro level of countries because aggregation of human capital has to take into account its vintage … use these findings to revisit the assumptions of the well-known Uzawa–Lucas growth model from an aggregation perspective. …
Persistent link: https://www.econbiz.de/10005616900