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should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on … area GDP (at current prices) between 0.16 and 0.27 percent. - Bank output ; FISIM ; risk ; loan interest rates ; deposit …
Persistent link: https://www.econbiz.de/10003973506
entire market segment. It is based on the elasticity between profits and efficiency and called marginal relative … profitability (MRP). Its intuition is that when a small change in efficiency derived from marginal costs can cause a large change in … and measures competition vis-à-vis other market participants. We apply this extended Boone indicator to individual bank …
Persistent link: https://www.econbiz.de/10014526654
study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …
Persistent link: https://www.econbiz.de/10012511089
Persistent link: https://www.econbiz.de/10009766427
emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in …
Persistent link: https://www.econbiz.de/10003274690
Persistent link: https://www.econbiz.de/10001792743
We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve industrial countries over the period 1984-2003, using four different price indices for each country. In particular, we estimate a univariate autoregressive (AR) model for each...
Persistent link: https://www.econbiz.de/10009636705
consumption relative to production, improves intertemporal efficiency but entails higher employment risk for households …
Persistent link: https://www.econbiz.de/10003358651
into what is due to timeliness of information and what is due to economic content. We find that the Federal Reserve Bank of …
Persistent link: https://www.econbiz.de/10003337187
Implied volatility indices should have information about risk parameters, once they are cleansed of the influence of normal volatility dynamics and macroeconomic uncertainty. Building on intuition from the dynamic asset pricing literature, we uncover unobserved risk aversion and fundamental...
Persistent link: https://www.econbiz.de/10003832589