Showing 1 - 10 of 314
Income differences across US cities are well documented, but little is known about the level of standard of living in each city--defined as the amount of market-based consumption that residents are able to afford. In this paper we provide estimates of the standard of living by commuting zone for...
Persistent link: https://www.econbiz.de/10012794561
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The … index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years … and 1994. Third, this cost index is negatively correlated with subjective indices of state environmental efforts compiled …
Persistent link: https://www.econbiz.de/10012471487
We construct the World Uncertainty Index (WUI) for an unbalanced panel of 143 individual countries on a quarterly basis …. Globally, the Index spikes around major events like the Gulf War, the Euro debt crisis, the Brexit vote and the COVID pandemic …
Persistent link: https://www.econbiz.de/10012938732
In this paper we employ index number theory in addressing the problem of adjusting real national income and real …
Persistent link: https://www.econbiz.de/10012477521
Much of the opposition to indexation as a means of adapting to on going inflation arises from the view that indexation is itself inflationary. This paper examines the basis for that view in a simple macroeconomic model in which budget deficits are in part financed through the printing of money....
Persistent link: https://www.econbiz.de/10012478451
No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget …" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for … constructing a state-specific Laspeyres price index using conveniently available information from the Census of Business and the …
Persistent link: https://www.econbiz.de/10012478829
The composite index of leading indicators is found to be a valuable tool for predicting not only the direction but also … index as a predictor of (1) business cycle turning points as dated by the National Bureau of Economic Research and (2 …) quantitative changes in real GNP and the composite index of coincident indicators. Specific smoothing rules are identified which …
Persistent link: https://www.econbiz.de/10012478899
Measuring the performance of private equity investments (buyout and venture) has historically only been possible over long horizons because the IRR on a fund is only observable following the fund's final distribution. We propose a new approach to evaluating performance using actual prices paid...
Persistent link: https://www.econbiz.de/10012480859
We use textual analysis of high-dimensional data from patent documents to create new indicators of technological innovation. We identify significant patents based on textual similarity of a given patent to previous and subsequent work: these patents are distinct from previous work but are...
Persistent link: https://www.econbiz.de/10012480917
Millions of goods and services are now unavailable in many countries due to the current coronavirus pandemic, dramatically impacting on the construction of key economic statistics used for informing policy. This situation is unprecedented; hence methods to address it have not previously been...
Persistent link: https://www.econbiz.de/10012481727