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Nicolas Véron responds to a consultation by the UK Financial Reporting Council and makes recommendations on how to address the audit market problem' resulting from the presence of only four international audit networks. Eventhough serious problems would be created by the disappearance of one of...
Persistent link: https://www.econbiz.de/10010293548
Decomposing output into trend and cyclical components is an uncertain exercise and depends on the method applied. It is an especially dubious task for countries undergoing large structural changes, such as transition countries. Despite their deficiencies, however, univariate detrending methods...
Persistent link: https://www.econbiz.de/10010322444
. Therefore, the policy process of the revision of the EU Emissions Trading System for its third phase is analysed. The research …
Persistent link: https://www.econbiz.de/10011595853
revision errors, this is the first application of the nonparametric approach to examine revisions. Moreover, to gain robustness … biased, and revision errors are not optimal forecast errors. …
Persistent link: https://www.econbiz.de/10011985266
Due to the phenomenon of revision, published macroeconomic data can never be regarded as final, because they are … surrounds our estimate: the 90 per cent confidence interval surrounding the expected revision is approximately ±0.5 percentage …. In both cases we obtained results that barely differ from the baseline estimate for the expected revision. …
Persistent link: https://www.econbiz.de/10011942748
Rationale The revision to the Annual and Quarterly National Accounts figures by the National Statistics Institute in …
Persistent link: https://www.econbiz.de/10014453501
This document was commissioned by the European Parliament’s Committee on Economic and Monetary Affairs (ECON). It is a quick critique, conducted over a four week period, of those sections of the European Commission’s Impact Assessment (hereafter “the IA”) on the revisions to the Capital...
Persistent link: https://www.econbiz.de/10010487771
bias. Therefore, the present study introduces and examines simple and transparent revision approaches that retrospectively … predictions. The proposed revision approaches are adoptable not only to most national CPIs but also to other price-level measures …
Persistent link: https://www.econbiz.de/10014519602
the "news" hypothesis. We conclude that each subsequent revision is unpredictable. …
Persistent link: https://www.econbiz.de/10011785350
We study the capital market implications of mandatory auditor choice. This regulatory intervention provides us with an instrument that can be used to examine the role of asymmetric information in the market for small business finance. We propose, in particular, a new exogenous measure of...
Persistent link: https://www.econbiz.de/10010285073