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analysis shows that rejection of Benford's law may be unrelated to the quality of statistics, and instead may result from … data quality. Most of the macroeconomic data series tested conform with Benford's law. However, questions emerge on the … reliability of such tests as indicators of data quality once conformity with Benford's law is contrasted with the data quality …
Persistent link: https://www.econbiz.de/10005769268
regulation burden, financial market development, and the quality of the legal system. We revisit this issue by using an … consistent with the suggested theoretical model, we find support for the significance of the quality of the legal system. …
Persistent link: https://www.econbiz.de/10005769293
can raise productivity via learning, variety, or quality effects. We use Indonesian manufacturing census data from 1991 to …
Persistent link: https://www.econbiz.de/10005769329
a series of statistical tests to evaluate the quality of the WEO forecasts for a very large cross section of countries … WEO forecasts for many variables in many countries meet basic quality standards in some, if not all, dimensions, the paper …
Persistent link: https://www.econbiz.de/10005769333
We derive forecast confidence bands using a Global Projection Model covering the United States, the euro area, and Japan. In the model, the price of oil is a stochastic process, interest rates have a zero floor, and bank lending tightening affects the United States. To calculate confidence...
Persistent link: https://www.econbiz.de/10008559263
hyper-g prior, whose data-dependent shrinkage adapts posterior model distributions to data quality. Analytically, existing …
Persistent link: https://www.econbiz.de/10008559278
- that is, Capital Adequacy, Asset Quality, Management Quality, Earnings Potential, Liquidity, and Sensitivity to Market Risk …
Persistent link: https://www.econbiz.de/10008560441
. This paper offers a countercyclical view of LGD risk. The model can be combined with a default probability model to serve …
Persistent link: https://www.econbiz.de/10008560443
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10008561068
This paper introduces the Asset and Liability Management (ALM) compound option model. The model builds on the observation that the public sector net worth in a multi-period setting corresponds to the value of an option on an option on total government assets. Hence, the ALM compound option model...
Persistent link: https://www.econbiz.de/10008561071