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Commercial Property Price Indexes : Problems of Sparse Data, Spatial Spillovers, and Weighting

Silver, Mick S. - 2014

Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically...

Persistent link: https://www.econbiz.de/10013053043

China's Impact on World Commodity Markets

Roache, Shaun K. - 2012

Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China's impact on world...

Persistent link: https://www.econbiz.de/10013102288

Commodity Shocks and Exchange Rate Regimes : Implications for the Caribbean Commodity Exporters

Al-Sadiq, Ali J.; Bejar, Pablo; Ötker-Robe, İnci - 2022

Declining commodity prices during mid-2014-2016 posed significant challenges to commodity-exporting economies. The severe terms of trade shock associated with a sharp fall in world commodity prices have raised anew questions about the viability of pegged exchange rate regimes. More recently, the...

Persistent link: https://www.econbiz.de/10013305674

World Commodity Prices as a Forecasting Tool for Retail Prices : Evidence from the United Kingdom

García Herrero, Alicia; Thornton, John - 2021

This paper investigates, using cointegration and Granger-causality techniques, whether a stable long-run co-movement exists between world commodity prices and U.K. retail prices and whether short-run changes in commodity prices convey information about future movements in U.K. retail prices. The...

Persistent link: https://www.econbiz.de/10013217123

A Volatility and Persistence-Based Core Inflation

Silva Filho, Tito Nícias Teixeira da - 2015

Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either excluding or downplaying the importance of the most volatile items. However, some of those items show high persistence, and one certainly does not want...

Persistent link: https://www.econbiz.de/10013027659

Post-Laspeyres : The Case for a New Formula for Compiling Consumer Price Indexes

Armknecht, Paul A. - 2012

Consumer price indexes (CPIs) are compiled at the higher (weighted) level using Laspeyres-type arithmetic averages. This paper questions the suitability of such formulas and considers two counterpart alternatives that use geometric averaging, the Geometric Young and the (price-updated) Geometric...

Persistent link: https://www.econbiz.de/10013101518

Commodity Price Movements and Banking Crises

Eberhardt, Markus - 2018

We develop an empirical model to predict banking crises in a sample of 60 low-incomecountries (LICs) over the 1981-2015 period. Given the recent emergence of financial sectorstress associated with low commodity prices in several LICs, we assign price movements inprimary commodities a key role in...

Persistent link: https://www.econbiz.de/10012913883

Systemic Risk, Aggregate Demand, and Commodity Prices

Gomez P., Javier Guillermo - 2015

The paper presents a global model with systemic and country risks, as well as commodity prices. We show that systemic risk shocks have an important impact on world economic activity, with the busts in world output gap corresponding to unobserved systemic risk associated with major financial...

Persistent link: https://www.econbiz.de/10013016583

The Comovement in Commodity Prices : Sources and Implications

Alquist, Ron - 2013

underlying structural shocks. The theory also provides guidance on how empirical factors can be rotated to identify the …

Persistent link: https://www.econbiz.de/10013080222

Policy Space Index : Short-Term Response to a Catastrophic Event

Ferrer, José; Kireyev, Alexei - 2022

paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space … markets, debt distress level, and the exchange rate regime. The final policy space index is derived as a composite of the … three nominal policy space indicators, each adjusted for five institutional features. This index is different from the …

Persistent link: https://www.econbiz.de/10014081237