Aggregate financial conditions indices (FCIs) are constructed to fulfil two aims: (i) The FCIs should resemble non-model-based composite indices in that their composition is adequately invariant for concatenation during regular updates; (ii) the concatenated FCIs should outperform financial...

Aggregate financial conditions indices (FCIs) are constructed to fulfill two aims: (i) The FCIs should resemble non-model based composite indices in that their composition is adequately invariant for concatenation during regular updates; (ii) the concatenated FCIs should outperform as leading...

Multiple imputation (MI) techniques are applied to simulate missing wage rates of nonworking wives under the missing-at-random (MAR) condition. The assumed selection effect of the labour force participation decision is framed as deviations of the imputed wage rates from MAR. By varying the...

We propose a new model framework to investigate missing-data induced selection bias (SB). Drawing on the missing at random (MAR) and missing not at random (MNAR) taxonomy of the multiple imputation approach, we show that SB is predicated on MNAR and is empirically assessable by sensitivity...