We examine the relationship between changes in a country's public sector fiscal position and inequality at the top and bottom of the income distribution during the age of austerity (2006-13). We use a parametric Lorenz curve model and Gini-like indices of inequality as our measures to assess...

In this study new realized volatility measures based on Multi-Scale regression and Discrete Sine Transform (DST) approaches are presented. We show that Multi-Scales estimators similar to that recently proposed by Zhang (2004) can be constructed within a simple regression based approach by...

In this study new realized volatility measures based on Multi-Scale regression and Discrete Sine Transform (DST) approaches are presented. We show that Multi-Scales estimators similar to that recently proposed by Zhang (2004) can be constructed within a simple regression based approach by...

Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is incomplete. That is, it has content that can not be revealed with any general...

Dieser Beitrag hat zwei Ziele: Erstens werden die empirischen Ergebnisse über die Erlöse (Geldwäsche-Ströme) der transnationalen organisierten Kriminalität (TOK) weltweit sowie für einige OECD-Länder dargestellt sowie deren Größenordnung nach verschiedenen Verbrechensarten. Weiters...

The question of whether trade agreements are 'stepping stones' or 'stumbling blocks' to multilateral trade liberalization is not a new one; however, the empirical methods and the quality of the data used to address this question are continually improving. This paper explores this familiar...

The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...

The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...

Bessel's correction adjusts the denominator in the sample variance formula from n to n - 1 to produce an unbiased estimator for the population variance. This paper includes rigorous derivations, geometric interpretations, and visualizations. It then introduces the concept of "bariance," an...

We assess the forecast ability of Norges Bank's regional survey for inflation, GDP growth and the unemployment rate in Norway. We propose several factor models based on regional and sectoral information given by the survey. The analysis identifies which information extracted from the ten sectors...