Aviation is a key sector of the economy, contributing at least 3% to gross domestic product (GDP) in the UK and the US. Currently, airline performance statistics are published with a three month delay. However, aircraft now broadcast their location in real-time using the Automated Dependent...

The use of “Big Data” to explain fluctuations in the broader economy or guide the business decisions of a firm is now so commonplace that in some instances it has even begun to rival more traditional government statistics and business analytics. Big data sources can very often provide...

Google occupies a powerful position within the United States economy, a position which many have begun to consider too powerful. Google’s power is derived almost entirely from how it uses the billions of pieces of information it collects on its users—a collection of information known as big...

The use of "Big Data" to explain fluctuations in the broader economy or guide the business decisions of a firm is now so commonplace that in some instances it has even begun to rival more traditional government statistics and business analytics. Big data sources can very often provide advantages...

Through the use of administrative tax data, this study attempts to identify the characteristics of firms that employ relatively large numbers of young people. The policy objective of this exercise is to use these insights to inform policy and programming in the context of youth unemployment,...

I propose a new tool to characterize the resolution of uncertainty around FOMC press conferences. It relies on the construction of a measure capturing the level of discussion complexity between the Fed Chair and reporters during the Q&A sessions. I show that complex discussions are associated...

The objectives of this paper are to overview existing data on Papua New Guinea and to highlight common issues and challenges associated with PNG data. Over 25 surveys, administrative and other databases were reviewed and listed along with its descriptions. Evaluation of some selected data is...

International trade policies remain in the spotlight given the recent rethink on the benefits of globalization by major economies. Since trade critically affects employment, production, prices and wages, understanding and predicting future patterns of trade is a high-priority for decision making...

Noneconomic considerations for bilateral or regional trade agreements can be notoriously difficult to measure. In the case of US-Taiwan relations, one common factor defines the two countries’ security alliance: China. In this policy brief, we discuss a new metric we recently developed that...