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In this paper, we introduce some recent non-aggregative algorithms, for the construction of synthetic indicators on multi-indicators systems, and exemplify them on data pertaining to the sustainability of main Italian cities. The procedure employs tools from Partial Order Theory and computes the...
Persistent link: https://www.econbiz.de/10012501719
In this paper, we introduce some recent non-aggregative algorithms, for the construction of synthetic indicators on multi-indicators systems, and exemplify them on data pertaining to the sustainability of main Italian cities. The procedure employs tools from Partial Order Theory and computes the...
Persistent link: https://www.econbiz.de/10012432271
This paper applies revealed preference theory to the nonparametric statistical analysis of consumer demand. Knowledge of expansion paths is shown to improve the power of nonparametric tests of revealed preference. The tightest bounds on indifference surfaces and welfare measures are derived...
Persistent link: https://www.econbiz.de/10010330314
Narrow and broad money measures (including Divisia aggregates) have been found to have explanatory power for UK output in backward-looking specifications of the IS curve. In this paper, we explore whether or not real balances enter into a forward-looking IS curve for the UK, building on the...
Persistent link: https://www.econbiz.de/10011604950
This article studies the evolution of housing rents in St. Petersburg between 1880 and 1917, covering an eventful period of Russian and world history. We collect and digitize over 5,000 rental advertisements from a local newspaper, which we use together with geo-coded addresses and detailed...
Persistent link: https://www.econbiz.de/10011964353
In Germany, package holidays are an important driver of consumer prices. Several challenges arise when measuring the price development of these bundled travel and accommodation services, such as the quality of accommodation and the timing of booking. Statistical practices are currently based on...
Persistent link: https://www.econbiz.de/10012209554
In 2020, Berlin introduced a rigorous rent-control policy responding to soaring rents by setting a cap on rental prices: the Mietendeckel (rent freeze). The policy was revoked one year later by the German Constitutional Court. Although successful in reducing rents during its duration, the...
Persistent link: https://www.econbiz.de/10013164150
Cryptocurrencies lack clear measures of fundamental values and are often associated with speculative bubbles. This paper introduces a new way of testing for speculative bubbles based on StockTwits sentiment, which is used as the transition variable in a smooth transition autoregression. The...
Persistent link: https://www.econbiz.de/10012611145
We provide an innovative methodological contribution to the measurement of returns on infrequently traded assets using a novel approach to repeat-sales regression estimation. The model for price indices we propose allows for correlation with other markets, typically with higher liquidity and...
Persistent link: https://www.econbiz.de/10012611328
This paper proposes a general statistical framework for systemic financial stress indexes. Several existing index designs can be represented as special cases. We introduce a daily variant of the ECB's CISS for the euro area and the US. The CISS aggregates a representative set of stress...
Persistent link: https://www.econbiz.de/10012623092