http://www.bis.org/cbhub/list/jel_classification/jel_C42/index.rss Latest research hub papers with the JEL classification:C42 en http://www.bancaditalia.it/pubblicazioni/econo/temidi/td13/td908_13/en_td908/en_tema_908.pdf Bank of Italy Working Papers by Giulia Cifaldi and Andrea Neri Asking income and consumption questions in the same survey: what are the risks? 2013-04-24T06:19:59Z Sample surveys providing high quality information on both total household expenditure (consumption) and income are not commonly available. Nevertheless, surveys focusing on income usually do collect some information on expenditure data. A main drawback of this practice is that it could let some researchers think that both sets of information have similar accuracy, as they are derived from the same survey. This paper provides an empirical investigation of the consequences of such an assumption. We draw on the Survey of Household Income and Wealth (SHIW, thereafter) as a case study, since it collects information on both income and consumption. We combine this survey with the information coming from other surveys that are assumed to be more reliable than the SHIW for specific items. On average, we find that the underestimation of household income is lower than the one relating to consumption. As a consequence, in the survey saving rates are likely to be overestimated. We also find evidence that measurement error in income data is proportionally higher for high incomes. This does not appear to be the case for consumption data. Household saving is likely to be overestimated, especially for households in the low income classes. Finally, we find evidence that measurement error may bias the relationship between household savings and its determinants. Asking income and consumption questions in the same survey: what are the risks? 2013-04-24T06:19:59Z Abstract http://www.bancaditalia.it/pubblicazioni/econo/temidi/td13/td908_13/en_td908 Full text http://www.bancaditalia.it/pubblicazioni/econo/temidi/td13/td908_13/en_td908/en_tema_908.pdf Andrea Neri Giulia Cifaldi Giulia Cifaldi and Andrea Neri 2013-04 Bank of Italy Working Papers C25 C42 D31 http://www.bancaditalia.it/pubblicazioni/econo/temidi/td12/td870_12/en_td870/en_tema_870.pdf Bank of Italy Working Papers by Andrea Neri and Maria Giovanna Ranalli To misreport or not to report? The measurement of household financial wealth 2012-07-12T17:36:59Z The objective of the paper is to adjust for the bias due to unit non-response and measurement error in survey estimates of total household financial wealth. Sample surveys are a useful source of information on household wealth. Yet, survey estimates are affected by non-sampling errors. In particular, in the case of household wealth, unit non-response and measurement error can severely bias the estimates. Using the Italian Survey on Household Income and Wealth (SHIW), we exploit the available auxiliary information in order to assess the magnitude of this bias. We find evidence that for this kind of survey, non-sampling errors are a major issue, possibly more serious than sampling errors. Moreover, in the case of SHIW the potential bias due to measurement error seems to outweigh that induced by non-response. To misreport or not to report? The measurement of household financial wealth 2012-07-12T17:36:59Z Abstract http://www.bancaditalia.it/pubblicazioni/econo/temidi/td12/td870_12/en_td870_12 Full text http://www.bancaditalia.it/pubblicazioni/econo/temidi/td12/td870_12/en_td870/en_tema_870.pdf Andrea Neri Maria Giovanna Ranalli Andrea Neri and Maria Giovanna Ranalli 2012-07 Bank of Italy Working Papers C2 C42 D31 http://www.dnb.nl/en/binaries/Working%20paper%20245-2010_tcm47-232348.pdf Netherlands Bank DNB Working Papers by Anneke Kosse The safety of cash and debit cards: a study on the perception and behaviour of Dutch consumers 2010-04-15T12:41:59Z This paper investigates the impact of consumers’ safety perception on debit card and cash usage. A conceptual framework of safety perception and payment behaviour is introduced and tested with 2008 consumer survey data. The results demonstrate that consumers’ payment preferences for cash and debit cards are strongly affected by how consumers assess the likelihood and seriousness of safety incidents related to cash, debit cards and ATM withdrawals. Risk aversion, personal characteristics and personal experiences all play a significant role. This study underlines the importance of effective safety measures, which minimise the risks inherent in the payment system, and of clear communication towards consumers, so that they may continue to pay efficiently and safely in all circumstances. Keywords: debit card, cash, fraud, safety, payment behaviour, risk perception, risk aversion. JEL-codes: C42, D12, E41. The safety of cash and debit cards: a study on the perception and behaviour of Dutch consumers 2010-04-15T12:41:59Z Full text http://www.dnb.nl/en/binaries/Working%20paper%20245-2010_tcm47-232348.pdf Anneke Kosse Anneke Kosse 2010-04 Netherlands Bank DNB Working Papers C42 D12 E41 http://www.bankofcanada.ca/en/res/wp/2009/wp09-10.pdf Bank of Canada Working papers by Daniel de Munnik, David Dupuis, and Mark Illing Computing the Accuracy of Complex Non-Random Sampling Methods: The Case of the Bank of Canada's 2009-03-27T17:36:00Z A number of central banks publish their own business conditions surveys based on complex non-random sampling methods. The results of these surveys influence monetary policy decisions and thus affect expectations in financial markets. To date, however, no one has computed the accuracy of these surveys because their respective non-random sampling method renders this assessment non-trivial. This paper describes a methodology for modeling complex non-random sampling behaviour, and computing relevant measures of statistical confidence, based on a given survey's historical selection practice. We apply this framework to the Bank of Canada's Business Outlook Survey by describing the sampling method in terms of rules-based criteria, historical practices, and Bayesian probabilities. This allows us to replicate the firm selection process using Monte Carlo simulations on a comprehensive micro-dataset of Canadian firms. We find, under certain assumptions, no evidence that the Bank's firm selection process results in biased estimates and/or wider confidence intervals. Computing the Accuracy of Complex Non-Random Sampling Methods: The Case of the Bank of Canada's 2009-03-27T17:36:00Z Abstract http://www.bankofcanada.ca/en/res/wp/2009/wp09-10.html Full text http://www.bankofcanada.ca/en/res/wp/2009/wp09-10.pdf Daniel de Munnik David Dupuis Mark Illing Daniel de Munnik, David Dupuis, and Mark Illing 2009-03 Bank of Canada Working papers C42 C81 C90 http://www.ecb.int/pub/pdf/scpwps/ecbwp836.pdf European Central Bank Working papers by Juan Angel García and Andrés Manzanares Reporting biases and survey results: evidence from European professional forecasters 2007-12-17T17:36:59Z Reporting biases and survey results: evidence from European professional forecasters 2007-12-17T17:36:59Z ECB Full text http://www.ecb.int/pub/pdf/scpwps/ecbwp836.pdf Juan Angel García Andrés Manzanares Juan Angel García and Andrés Manzanares 2007-12 European Central Bank Working papers C42 E31 E47 http://www.bportugal.pt/en-US/BdP%20Publications%20Research/WP200715.pdf Bank of Portugal Working papers by Francisco Craveiro Dias, Cláudia Duarte, António Rua Inflation (mis)perceptions in the euro area 2007-10-23T12:37:59Z Inflation (mis)perceptions in the euro area 2007-10-23T12:37:59Z Full text http://www.bportugal.pt/en-US/BdP%20Publications%20Research/WP200715.pdf Cláudia Duarte António Rua Francisco Craveiro Dias Francisco Craveiro Dias, Cláudia Duarte, António Rua 2007-10 Bank of Portugal Working papers C42 E31 http://www.snb.ch/n/mmr/reference/working_paper_2007_01/source Swiss National Bank Working Papers by Fischer, Andreas M., Gulzina Isakova and Ulan Termechikov Do FX traders in Bishkek have similar perceptions to their London colleagues? Survey evidence of market practitioners' views 2007-03-08T17:40:00Z Do FX traders in Bishkek have similar perceptions to their London colleagues? Survey evidence of market practitioners' views 2007-03-08T17:40:00Z Full text http://www.snb.ch/n/mmr/reference/working_paper_2007_01/source Ulan Termechikov Gulzina Isakova Andreas M. Fischer Fischer, Andreas M., Gulzina Isakova and Ulan Termechikov 2007-03 Swiss National Bank Working Papers C42 F31 G14 http://www.ecb.int/pub/pdf/scpwps/ecbwp721.pdf European Central Bank Working papers by Ricardo Mestre Are survey-based inflation expections in the euro area informative? 2007-02-20T15:25:00Z Are survey-based inflation expections in the euro area informative? 2007-02-20T15:25:00Z ECB Full text http://www.ecb.int/pub/pdf/scpwps/ecbwp721.pdf Ricardo Mestre Ricardo Mestre 2007-02 European Central Bank Working papers C40 C42 C50 C53 E37 http://www.bof.fi/NR/rdonlyres/FE66D450-6E51-4AC7-B961-EA6337CD693F/0/dp2004.pdf Bank of Finland BOFIT Discussion Papers by Jarko Fidrmuc, Iikka Korhonen A meta-analysis of business cycle correlation between the euro area and CEECs: What do we know – and who cares? 2005-01-01T12:00:00Z We review the literature on business-cycle correlation between the euro area and Central and Eastern European countries (CEECs), a topic that has gained attention in recent years as new EU entrants prepare for participation in the monetary union. Our meta-analysis suggests several CEECs already have comparably high correlation with the euro area business cycle. We also find that estimation methodologies can have a significant effect on correlation coefficients. While central bankers are more conservative in their estimates, we find no evidence of a geographical bias in the studies. Published in: Journal of Comparative Economics, Vol.34, No.3 (2006), pp. 518-537 A meta-analysis of business cycle correlation between the euro area and CEECs: What do we know – and who cares? 2005-01-01T12:00:00Z Abstract http://www.bof.fi/bofit_en/tutkimus/tutkimusjulkaisut/dp/2004/dp2004.htm Full text http://www.bof.fi/NR/rdonlyres/FE66D450-6E51-4AC7-B961-EA6337CD693F/0/dp2004.pdf Iikka Korhonen Jarko Fidrmuc Jarko Fidrmuc, Iikka Korhonen 2004-12-05 Bank of Finland BOFIT Discussion Papers C42 E32 F15 F31 http://www.bis.org/publ/qtrpdf/r_qt0412f.pdf Bank for International Settlements Quarterly Review by Gabriele Galati and Michael Melvin Why has FX trading surged? 2004-12-06T07:08:59Z Why has FX trading surged? 2004-12-06T07:08:59Z BIS Abstract http://www.bis.org/publ/qtrpdf/r_qt0412f.htm Full text http://www.bis.org/publ/qtrpdf/r_qt0412f.pdf Michael Melvin Gabriele Galati Gabriele Galati and Michael Melvin 2004-12 Bank for International Settlements Quarterly Review C42 F31 http://www.riksbank.com/upload/8107/WP_151.pdf Sveriges Riksbank Working Papers by Jesper Hansson, Per Jansson , Mårten Löf Business Survey Data: Do They Help in Forecasting the Macro Economy? 2004-05-22T07:10:00Z Business Survey Data: Do They Help in Forecasting the Macro Economy? 2004-05-22T07:10:00Z Abstract http://www.riksbank.se/templates/Document.aspx?id=8339 Full text http://www.riksbank.com/upload/8107/WP_151.pdf Jesper Hansson Mårten Löf Per Jansson Jesper Hansson, Per Jansson , Mårten Löf 2003-09-01 Sveriges Riksbank Working Papers C32 C42 C53 E32 E37 http://www.ecb.int/pub/pdf/scpwps/ecbwp287.pdf European Central Bank Working papers by Tomasz Lyziak Consumer inflation expectations in Poland 2004-04-13T17:32:00Z Consumer inflation expectations in Poland 2004-04-13T17:32:00Z ECB Full text http://www.ecb.int/pub/pdf/scpwps/ecbwp287.pdf Tomasz Lyziak Tomasz Lyziak 2003-11 European Central Bank Working papers C42 D12 D84 E58