Measuring uncertainty: A streamlined application for the Ecuadorian economy [0.03%]
测度不确定性：应用于厄瓜多尔经济的简化方法
Guillermo Avellán,Manuel González-Astudillo,Juan José Salcedo Cruz
Guillermo Avellán
This paper develops a macroeconomic uncertainty index based on the multistage procedure that combines maximum likelihood and Bayesian estimation methods proposed by Jurado et al. (Am Econ Rev 105(3):1177-1216, 2015). Our approach streamline...
Tosapol Apaitan,Pongsak Luangaram,Pym Manopimoke
Tosapol Apaitan
This paper constructs various measures of domestic and global uncertainty and provides a comprehensive study of their impacts on the Thai economy. Based on a small open economy VAR, global uncertainty delivers deeper and more long-lasting e...
Applications of efficiency and productivity analysis: editors' introduction [0.03%]
效率和生产力分析的应用：编辑介绍
Subal C Kumbhakarⓡ,Emir Malikovⓡ,Christopher F Parmeterⓡ
Subal C Kumbhakarⓡ
Indirect and direct effects of the subprime crisis on the real sector: labor market migration [0.03%]
次级房贷危机对实体经济的间接与直接影响：劳动力市场迁移问题
Thiago Christiano Silva,Fabiano José Muniz,Benjamin Miranda Tabak
Thiago Christiano Silva
The bursting of the US housing bubble in the second half of 2008 triggered an almost unprecedented systemic crisis in the world economy. The financial collapse quickly overflowed into the real economy and caused, among other effects, a shar...
Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences [0.03%]
通货膨胀与失业的跨国联动性：测度及宏观经济后果
Binh Thai Pham,Hector Sala
Binh Thai Pham
We bring the notion of connectedness (Diebold and Yilmaz, Int J Forecast 28(1):57-66 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data-high-fr...
Dynamic network and own effects on abnormal returns: evidence from China's stock market [0.03%]
基于中国股市的实证研究：动态网络效应与个体效应在异常收益中的作用
Peter H Egger,Jiaqing Zhu
Peter H Egger
This paper addresses the question of how to model the process of abnormal returns on individual stocks. It postulates a framework, where abnormal returns are generated by a process which features two autoregressive components, one stock-spe...
Caitlin T O&#x;Loughlin,Paul W Wilson
Caitlin T O&#x;Loughlin
This paper examines the performance of US municipal governments over 1997-2012, and hence prior to, during and following the financial crisis of 2007-2008. Fully nonparametric methods are employed to estimate technical efficiencies of citie...
Bruno Ćorić,Vladimir Šimić
Bruno Ćorić
The 2007-2008 global financial crisis has spurred an increasing interest for investigating the financial and macroeconomic effects of the rare but extremely large economic crises, the so-called economic disasters. Current literature on the ...
Real estate listings and their usefulness for hedonic regressions [0.03%]
房地产广告及其在估计居住属性价值 Hedonic 模型中的作用
Jens Kolbe,Rainer Schulz,Martin Wersing et al.
Jens Kolbe et al.
Real estate platforms provide a new source of data which has already been used as a substitute for transaction data in hedonic regression applications. This paper asks whether it is valid to do so in the established research areas of (1) wi...
The volatility of Bitcoin and its role as a medium of exchange and a store of value [0.03%]
比特币的价格波动及其作为交换媒介和价值储藏手段的作用
Dirk G Baur,Thomas Dimpfl
Dirk G Baur
Bitcoin is designed as a peer-to-peer cash system. To work as a currency, it must be stable or be backed by a government. In this paper, we show that the volatility of Bitcoin prices is extreme and almost 10 times higher than the volatility...