Title:Survey Data as Coincident or Leading Indicators
Author(s):FRALE, Cecilia; MARCELLINO, Massimiliano; MAZZI, Gian Luigi; PROIETTI, TommasoDate:2010-01-01Type of Publication:ArticleAbstract:In this paper we propose a monthly measure for the euro area gross domestic product (GDP) based on a small-scale factor model for mixed-frequency data, featuring two factors: the first is driven by hard data, whereas the ...
Title:Survey Data as Coincident or Leading Indicators
Author(s):FRALE, Cecilia; MARCELLINO, Massimiliano; MAZZI, Gian Luigi; PROIETTI, TommasoDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In this paper we propose a monthly measure for the euro area Gross Domestic
Product (GDP) based on a small scale factor model for mixed frequency data, featuring
two factors: the first is driven by hard data, whereas the ...
Title:A survey of econometric methods for mixed-frequency data
Author(s):FORONI, Claudia; MARCELLINO, MassimilianoDate:2013Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The development of models for variables sampled at different frequencies has attracted substantial interest in the recent econometric literature. In this paper we provide an overview of the most common techniques, including ...
Title:Suspence
Author(s):COURTY, Pascal; CHAN, William; LI, HaoDate:2003Type of Publication:Working PaperSeries/Report no.:CEPR Discussion PaperAbstract:In a dynamic model of sports competition, we show that when spectators care only about the level of effort exerted by contestants, rewarding schemes that depend linearly on the final score difference provide more efficient ...
Title:Suspense: Dynamic Incentives in Sports Contests
Author(s):CHAN, William; COURTY, Pascal; HAO, LiDate:2009Type of Publication:ArticleAbstract:In a dynamic model of sports competition, if spectators care only about contestants' efforts, incentive schemes depending linearly on the final score difference dominate rank order schemes based only on who wins. If ...
Title:Sustainable Social Spending and Stagnant Public Services: Baumol's Cost Disease Revisited
Author(s):VAN DER PLOEG, FrederickDate:2007Type of Publication:ArticleAbstract:If demand for human services is inelastic or manufactured goods are necessities, labor shifts from manufacturing to services and the budget share of services rises. Higher productivity growth in the market sector pushes ...
Title:Sustainable Social Spending and Stagnant Public Services: Baumol’s Cost Disease Revisited
Author(s):VAN DER PLOEG, FrederickDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:If demand for human services is inelastic or manufactured goods are necessities, labour shifts from manufacturing to services and the budget share of services rises. Higher productivity growth in the market sector pushes ...
Title:Synchronic Information, Knowledge and Common Knowledge in Extensive Games
Author(s):BATTIGALLI, Pierpaolo; BONANNO, GiacomoDate:1999Type of Publication:ArticleAbstract:Restricting attention to the class of extensive games defined by von Neumann and Morgenstern (1944) with the added assumption of perfect recall, we specify the information of each player at each node of the game-tree in a ...
Title:Talent Utilization, a Source of Bias in Measuring TFP
Author(s):ZOABI, HosnyDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper analyzes a model of economic growth that explains differences
in economic structure across countries. It highlights the interplay between
productivity, talents utilization and entrepreneurship incentives. The ...
Title:Taxes, Cigarette Consumption, and Smoking Intensity: Reply
Author(s):ADDA, Jérôme; CORNAGLIA, FrancescaDate:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper shows that smoking intensity, i.e. the amount of nicotine extracted per cigarette smoked, responds to changes in excise taxes and tobacco prices. We exploit data covering the period 1988 to 2006 across many US ...
Title:Technology Adoption and the Selection Effect of Trade
Author(s):NAVAS-RUIZ, Antonio; SALA, DavideDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The reallocation of output across plants and the productivity growth at individual plants
are both important sources of productivity growth at the industry level. Recent evidence
has shown that trade liberalization is ...