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Persistent link: https://www.econbiz.de/10012166259
of data is an important source of uncertainty about the state of the economy. This paper evaluates the quality of major … growing data uncertainty over the past decade for Euro area variables. As a robustness check, we reckon our results using US … data and additionally show that uncertainty calculations are robust towards changes in final revision definition. Moreover …
Persistent link: https://www.econbiz.de/10010425751
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 the uncertainty literature and focuses on data uncertainty …, which originates in the revision structure of data. We find that apart from the general and economic policy uncertainty, the …
Persistent link: https://www.econbiz.de/10011298898
Surveying the forecasting practice of several central banks, we find that all these banks issue statements about risks to their macroeconomic forecasts. Often the balance of these risks is assessed as well. Upward [downward] risks to the forecast commonly imply that the outturn is expected to...
Persistent link: https://www.econbiz.de/10009159256
We show that option-implied jump tail risk estimated prior to earnings announcements strongly predicts post-earnings risk-adjusted abnormal stock returns. The predictive power of implied jump tail risk is particularly strong on extreme abnormal stock returns whose absolute values exceed 10%. The...
Persistent link: https://www.econbiz.de/10012913958
payback and annualized net present value and I‘ve also presented the ranges of estimates and their application in …
Persistent link: https://www.econbiz.de/10005403701
Persistent link: https://www.econbiz.de/10011504182
Illicit financial flows constitute a global phenomenon of massive but uncertain scale, which erodes government revenues and drives corruption in countries rich and poor. This text offers a critical examination of existing data and methodologies, identifying the most promising avenues for future...
Persistent link: https://www.econbiz.de/10012387784
Digitalisation may be viewed as a sequence of supply and technology shocks affecting the economy through productivity and output, employment and labour markets, competition and market structure. This paper focuses on the effects of digitalisation on economic growth, and how those effects may be...
Persistent link: https://www.econbiz.de/10013375211
Market data for financial studies typically derives from either historical transactions or contemporaneous surveys of sentiment and perceptions. The research communities analyzing data from these opposing categories of source data see themselves as distinct, with advantages not shared by the...
Persistent link: https://www.econbiz.de/10011541136