Since the adoption of new methodological standards for European national accounts and balance of payments (BoP) statistics in 2014, both statistical domains should be directly comparable and fully consistent. The latter implies that data elements that describe the same economic phenomena related...

Since the adoption of new methodological standards for European national accounts and balance of payments (BoP) statistics in 2014, both statistical domains should be directly comparable and fully consistent. The latter implies that data elements that describe the same economic phenomena related...

In this paper, we study the consistency of bonds and CDS quotes data within a widely accepted credit risk pricing framework, allowing for non-trivial term structures of risk-free interest rates and default intensities. We propose an approach to test this consistency and a procedure to deal with...

We exploit a rather neglected source of data, The Commercial and Financial Chronicle to shed light on the behaviour of daily and weekly exchange rates throughout several interwar hyperinflation episodes. The purpose of our analysis is three-fold: firstly, we investigate the consistency of...

The aim of this paper is to give an overview of typical features of selected European economies in time of the current crisis, to describe behaviour of macroeconomic variables, including various measures of GDP, but also current balance and unemployment rate as factors influencing the GDP...

In this paper, we show that, when combining revealed (RP) and stated (SP) data, for marginal changes in quality of environmental goods, rationality implies consistency, as the consistency conditions coincide with a subset of the conditions for rationality.