Narrow search
Showing 1 - 10 of 704
Cover Image
The Gini Trade Index: What can we learn from a new trade indicator?
Cernat, Lucian - 2024
This Policy Brief introduces the Gini Trade Index (GTI) as a new trade synthetic key performance indicator capable of … replicates the well-known features of the traditional Gini Index, a widely used metric for the skewness of several socioeconomic … indicators, in particular income inequality. The Policy Brief calculates the Gini Trade Index for all EU member states and …
Persistent link: https://www.econbiz.de/10014560170
Cover Image
The global entrepreneurship index (GEINDEX)
Ács, Zoltán J.; Szerb, László - 2009
This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of …
Persistent link: https://www.econbiz.de/10010266685
Cover Image
Banking crises and crisis dating: Theory and evidence
Boyd, John H.; De Nicolò, Gianni; Loukoianova, Elena - 2010
We formulate a simple theoretical model of a banking industry that we use to identify and construct theory-based measures of systemic bank shocks (SBS). These measures differ from 'banking crisis' (BC) indicators employed in many empirical studies, which are constructed using primarily...
Persistent link: https://www.econbiz.de/10010272761
Cover Image
A financial conditions index for the United States
Beaton, Kimberly; Lalonde, René; Luu, Corinne - 2009
The financial crisis of 200709 has highlighted the importance of developments in financial conditions for real economic activity. The authors estimate the effect of current and past shocks to financial variables on U.S. GDP growth by constructing two growthbased financial conditions indexes...
Persistent link: https://www.econbiz.de/10010289690
Cover Image
The suitability of structural indicators for the assessment of EU countries' economic performance with a particular focus on economic reforms: An evaluation of EU structural indica...
Heinemann, Friedrich; Ammermüller, Andreas; Egeln, Jürgen - 2004
Persistent link: https://www.econbiz.de/10011288126
Cover Image
What drives euro area break-even inflation rates?
Ciccarelli, Matteo; García, Juan Angel - 2009
The yield spread between nominal and inflation-linked bonds (or break-even inflation rates, BEIR) is a fundamental indicator of inflation expectations (and associated premia). This paper investigates which macroeconomic and financial variables explain BEIRs. We evaluate a large number of...
Persistent link: https://www.econbiz.de/10011605042
Cover Image
The yield curve slope and monetary policy innovations
Gamber, Edward N.; Joutz, Frederick L. - 2005
We separate changes of the federal funds rate into two components; one reflects the Fed's superior forecasts about the state of the economy and the other component reflects the Fed's reaction to the public's forecast about the state of the economy. Romer and Romer (2000) found that the Fed...
Persistent link: https://www.econbiz.de/10010293721
Cover Image
Level, Slope, Curvature: Characterising the Yield Curve in a Cointegrated VAR Model
Giese, Julia V. - 2008
Empirical evidence on the expectations hypothesis of the term structure is in-conclusive and its validity widely debated. Using a cointegrated VAR model of US treasury yields, this paper extends a common approach to test the theory. If, as we find, spreads between two yields are non-stationary,...
Persistent link: https://www.econbiz.de/10010295270
Cover Image
Forecasting the term structure of government bond yields
Diebold, Francis X.; Li, Canlin - 2003
Despite powerful advances in yield curve modeling in the last twenty years, comparatively little attention has been paid to the key practical problem of forecasting the yield curve. In this paper we do so. We use neither the no-arbitrage approach, which focuses on accurately fitting the cross...
Persistent link: https://www.econbiz.de/10010298283
Cover Image
Modeling bond yields in finance and macroeconomics
Diebold, Francis X.; Piazzesi, Monica; Rudebusch, Glenn D. - 2005
From a macroeconomic perspective, the short-term interest rate is a policy instrument under the direct control of the central bank. From a finance perspective, long rates are risk-adjusted averages of expected future short rates. Thus, as illustrated by much recent research, a joint...
Persistent link: https://www.econbiz.de/10010298296