The purpose of this paper is to present the framework for statistical analyzing the monetary transmission mechanism: the process through which monetary policy decisions are transmitted into changes in real GDP, and inflation; and to evaluate the transmission mechanism in the monetary policy...

The main objectives of this study were to examine critically the availability and quality of economic statistics for a sub-Saharan African countries relevant, in particular, for research; to assess the research reports by AERC researchers as examples of usage; and to develop a programme for...

The post-1945 mode of global integration has outlived its early promise. It has become exploitative rather than supportive of capital investment, public infrastructure, and living standards. In the sphere of trade, countries need to rebuild their self-sufficiency in food grains and other basic...

It has often been claimed that it is impossible to measure human capabilities but within the methodological conventions of household survey design, we show that some non- financial capability indicators do already exist and we demonstrate how similar indicators, covering a wide range of life...

Using monthly data for a set of variables, we examine the out-of-sample performance of various variance/covariance models and find that no model has consistently outperformed the others. We also show that it is possible to increase the probability mass toward the tails and to match reasonably...

A stochastic volatility model where volatility was driven solely by a latent variable called news was estimated for three stock indices. A Markov chain Monte Carlo algorithm was used for estimating Bayesian parameters and filtering volatilities. Volatility persistence being close to one was...

This note lays out a roadmap to Datapedia: the goal is to share numbers with the same power and ease that the Wiki has delivered for documents. This would transform the quality and usability of economic data. The goal is a system which, by analogy with Wikipedia can establish a world resource...