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prices are constructed for housing expenditure and for services. Weights for these parts of household budgets and the … residual are found from panel surveys of household consumption. Relative prices of the consumption bundle for each year in the …, employees and workers are constructed. Combining data on incomes and on relative prices gives estimates of real incomes. The …
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We use transaction-level US import data to compare firms from virtually all countries in the world competing in a single destination market. Guided by a simple theoretical framework, we decompose countries' market shares into the contribution of the number of firm-products, their average...
Persistent link: https://www.econbiz.de/10011933430
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This paper tries to clarify the logical structure of the relationship between labour values and prices from an …
Persistent link: https://www.econbiz.de/10011596404
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Sign-restricted Structural Vector Autoregressions (SVARs) are increasingly common. However, they usually result in a set of structural parameters that have very different implications in terms of impulse responses, elasticities, historical decomposition and forecast error variance decomposition...
Persistent link: https://www.econbiz.de/10012037315
While conditional forecasting has become prevalent both in the academic literature and in practice (e.g., bank stress testing, scenario forecasting), its applications typically focus on continuous variables. In this paper, we merge elements from the literature on the construction and...
Persistent link: https://www.econbiz.de/10012137102
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US. We find that the impulse responses of real activity and prices estimated using a Proxy FAVAR are substantially larger …
Persistent link: https://www.econbiz.de/10012121977