This paper presents quantile estimates of house prices across two years, 2004 and 2007, in several Spanish cities. We decompose the change in the house price distribution into portions due to changes in the distributions of the explanatory variables and to changes in coefficients over time. We...

Unconditional and conditional quantile regressions are used to explore the determinants of labour earnings at different parts of the distribution and, hence, the determinants of overall labour earnings inequality. The analysis combines several household surveys to provide comparable estimates...

The “border effect” literature ?nds that political boundaries have a large impact on relative prices, implicitly adding several thousands of miles to trade. In this paper we show that the standard empirical speci?cation suffers from selection bias, and propose a new methodology based on...

The paper explores the effect of large-scale privatisation of public sector activities on public-private sector pay differential, for groups of workers according to educational qualification on average and across the pay distribution in Serbia, from 2004 until 2008. The paper finds that both...

Uncertainty is inherent to forecasting and assessing the uncertainty surrounding a point forecast is as important as the forecast itself. Following Cornec (2010), a method to assess the uncertainty around the indicator models used at OECD to forecast GDP growth of the six largest member...