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Public and private inputs in aggregate production and growth: a cross-country efficiency approach

Afonso, António; St. Aubyn, Miguel - 2010

frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods …

Persistent link: https://www.econbiz.de/10011605200

Efficiency and risk in european banking

Fiordelisi, Franco; Marqués-Ibáñez, David; Molyneux, Phil - 2010

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements …

Persistent link: https://www.econbiz.de/10011605257

Efficiency, Inefficiency and the MENA Frontier

Christopulos, Dēmētrēs K. - 2015

In a stochastic frontier setting, we examine technical efficiency in the Middle East and North Africa (MENA). Evidence … technical efficiency profiles. The MENA have been characterized by increasing economic efficiency over time but with marked … for related studies of development technical efficiency …

Persistent link: https://www.econbiz.de/10013030868

Beyond spreadsmeasuring sovereign market stress in the euro area

Garcia de Andoain, Carlos; Kremer, Manfred - 2018

In this paper we propose a composite indicator that measures multidimensional sovereign bond market stress in the euro area as a whole and in individual euro area member states. It integrates measures of credit risk, volatility and liquidity at short-term and long-term bond maturities into a...

Persistent link: https://www.econbiz.de/10012142029

Nowcasting euro area GDP with news sentiment: A tale of two crises

Ashwin, Julian; Kalamara, Eleni; Saiz, Lorena - 2021

This paper shows that newspaper articles contain timely economic signals that can materially improve nowcasts of real GDP growth for the euro area. Our text data is drawn from fifteen popular European newspapers, that collectively represent the four largest Euro area economies, and are machine...

Persistent link: https://www.econbiz.de/10012819030

Rent indices for housing in West Germany 1985 to 1998

Hoffmann, Johannes; Kurz, Claudia - 2002

In several studies, hedonic methods have been used successfully for the ex post assessment of the accuracy of inflation measurement. Most of those studies relate to high-tech products, with respect to which traditional methods of compiling price indices often fail. We apply hedonic methods to...

Persistent link: https://www.econbiz.de/10011604162

Hedonic house prices without characteristics: the case of new multiunit housing

Bover, Olympia; Velilla, Pilar - 2002

In this paper we propose an alternative to traditional hedonics for estimating new multiunit housing inflation, adjusting for quality changes. By relying on the within-site variation we control in a very general way for unobserved housing characteristics using site-specific effects. Precise...

Persistent link: https://www.econbiz.de/10011604163

Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998

Tomat, Gian Maria - 2002

The paper analyzes the problems of measurement of durable consumer prices posed by quality change. Theoretical price indexes are defined and used to analyze several empirical methods of estimation of quality adjusted price indexes. The paper shows that hedonic regressions and other quality...

Persistent link: https://www.econbiz.de/10011604164

Harmonized indexes of consumer prices: their conceptual foundations

Diewert, Erwin - 2002

The Harmonized Index of Consumer Prices (HICP) is the single most important indicator of inflation used by the European Central Bank. Sections 2 to 4 of the paper look at the theory of inflation indexes that could be used as target indexes of inflation. A Consumer Price Index (CPI) emerges as...

Persistent link: https://www.econbiz.de/10011604176

Measurement bias in the HICP: what do we know, and what do we need to know?

Wynne, Mark A.; Rodriguez-Palenzuela, Diego - 2002

The Harmonized Index Of Consumer Prices (HICP) is the primary measure of inflation in the euro area, and plays a central role in the policy deliberations of the European Central Bank (ECB). Among the rationales given for defining price stability as prevailing at some positive measured inflation...

Persistent link: https://www.econbiz.de/10011604177