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Persistent link: https://www.econbiz.de/10013261134
This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions. Monetary conditions are measured with the MCI concept proposed by the Bank of Canada, and with the yield spread. A central result is that causality runs in both ways...
Persistent link: https://www.econbiz.de/10011474154
Diese Arbeit beschäftigt sich mit Messfehlern in Längsschnittdaten. Messfehler können in besonderem Maße die Messung … von Übergängen und Veränderungen über die Zeit beeinflussen. Die Messung von Veränderungen ist jedoch einer der …
Persistent link: https://www.econbiz.de/10014433953
Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem …
Persistent link: https://www.econbiz.de/10010308268
Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem …
Persistent link: https://www.econbiz.de/10010308269
Any measure of unobserved inflation uncertainty relies on specific assumptions which are most likely not fulfilled completely. This calls into question whether an individual measure delivers a reliable signal. To reduce idiosyncratic measurement error, we propose using common information...
Persistent link: https://www.econbiz.de/10010312179
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...
Persistent link: https://www.econbiz.de/10010314688
Persistent link: https://www.econbiz.de/10010316367
A review of the measures of the stock of human capital used in empirical growth research reveals that human capital is mostly poorly proxied. The simple use of the most common proxy, average years of schooling of the working-age population, misspecifies the relationship between education and the...
Persistent link: https://www.econbiz.de/10010260445
This paper presents a new method to correct for measurement error in wage data and applies this method to address an old question. How much downward wage flexibility is there in the U.S? We apply standard methods developed by Bai and Perron (1998b) to identify structural breaks in time series...
Persistent link: https://www.econbiz.de/10010262069