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Admissible clustering of aggregator components: a necessary and sufficient stochastic semi-nonparametric test for weak separability

Barnett, William A.; de Peretti, Philippe - 2008

In aggregation theory, the admissibility condition for clustering together components to be aggregated is blockwise weak separability, which also is the condition needed to separate out sectors of the economy. Although weak separability is thereby of central importance in aggregation and index...

Persistent link: https://www.econbiz.de/10015215134

Variabilité spatiale des prix hédoniques des caractéristiques du logement: une nouvelle méthode de calcul des indices de prix spatiaux

Filali, Radhouane - 2008

Estimation of spatial housing price indices requires a housing market segmentation into local sub-markets. In this paper, we use geographically weighted regression model (GWR) to take account for spatial heterogeneity of housing attribute marginal prices. Estimated marginal prices are then used...

Persistent link: https://www.econbiz.de/10015216254

Variabilité spatiale des prix hédoniques des caractéristiques du logement: une nouvelle méthode de calcul des indices de prix spatiaux

Filali, Radhouane - 2008

Persistent link: https://www.econbiz.de/10015217138

Problems of operationalizing the concept of a cost-of-living index

Breuer, Claus C.; von der Lippe, Peter - 2011

The aim of our paper is to discuss the problems of operationalizing the concept of a .cost-of-living-index. (COLI). For this purpose we are first undertaking a theoretical analysis of Diewert’s theory of superlative index numbers as one possible approach to approximate a COLI. We show that...

Persistent link: https://www.econbiz.de/10015228134

Using sentiment surveys to predict GDP growth and stock returns

Guzman, Giselle - 2007

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Persistent link: https://www.econbiz.de/10015232845

The Demand for Money for EMU: A Flexible Functional Form Approach

Barnett, William; Gaekwad, Neepa - 2017

Monetary aggregates have a special role under the "two pillar strategy" of the ECB. Hence, the need for a theoretically consistent measure of monetary aggregates for the European Monetary Union (EMU) is needed. This paper analyzes aggregation over monetary assets for the EMU. We aggregate over...

Persistent link: https://www.econbiz.de/10015257512

Market demand: a holistic theory and its verification

Gorbunov, Vladimir - 2021

The paper presents a revision of the contemporary reductionistic demand theory, replacing the studying object, i.e. an individual, with a fuzzy collection of market buyers, regarded as a “statistical ensemble of consumers”. The new holistic market demand theory formally retains the...

Persistent link: https://www.econbiz.de/10015251365

Revealed Preference and Time Series Analyses of U.S. Macroeconomic Aggregates

Maia Filho, Luiz Flavio - 2004

conclusions on the overall GARP-consistency of data and on weak separability of particular aggregates are affected by the … significant losses of information about the dynamic behavior of higher-frequency data. The power of the GARP test in datasets of … power of the GARP test. Finally, we apply Varian's tools to study for the first time a dataset including the value of …

Persistent link: https://www.econbiz.de/10009431210

Industrial robots and employment change in manufacturing: A combination of index and production-theoretical decomposition analysis

Eder, Andreas; Koller, Wolfgang; Mahlberg, Bernhard - 2024

This paper investigates the contribution of industrial robots to employment change in manufacturing in a sample of 17 European countries and the USA over the period 2004 to 2019. We combine index decomposition analysis (IDA) and production-theoretical decomposition analysis (PDA). First, we use...

Persistent link: https://www.econbiz.de/10015213551

A Measure of Financial Conditions for Pakistan

Mahmood, Asif; Ali, Ringchan - 2024

Emerging literature after the global financial crisis of 2007-08 have highlighted the important role of financial conditions as they provide a comprehensive snapshot of the overall economic health and stability. Following this, many academic researchers, central banks and international...

Persistent link: https://www.econbiz.de/10015214099