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Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative channel of uncertainty - data uncertainty. This paper adds on...
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metric is based on entropy, a phenomenon well known in engineering. …
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introducing infinite-dimensional nuisance parameters using a least-favourable entropy-maximising distribution. We demonstrate …
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generalized entropy measures can be used to test which of diversity’s two basic dimensions matters most: the variety of groups, or …
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