This paper reexamines the use of migration rates to estimate compensating differentials as measures of regional quality of life. Applying a model of interregional migration to the U.K., I estimate a migration regression, the results of which I use to measure regional quality of life and standard...

An aggregation exercise is proposed that aims at investigating whether the fast average adjustment of the disaggregate inflation series of the euro area CPI translates into the slow adjustment of euro area aggregate inflation. We first estimate a dynamic factor model for 404 inflation...