In the transport field, much attention is given to estimation and mitigation of CO2 emission. Much prior research has estimated CO2 emission using aggregate data on total energy consumed or average vehicles kilometres travelled (VKT), while not considering the influence on emission of factors that operate at a more resolved functional level, such as the neighbourhood-scale built environment (e....

This paper investigates single-family residential development for housing market equilibria using microeconomic theory and disaggregate spatial data. Mixed logit models and notions of price competition are used to simulate household location choices for three different household segments, assuming job sites of household members are known. Consistent with bid-rent theory, housing market equilibr...

Qualitative business survey data are used widely to provide indicators of economic activity ahead of the publication of official data. Traditional indicators exploit only aggregate survey information, namely the proportions of respondents who report “up” and “down”. This paper considers disaggregate or firm-level survey responses. It derives an alternative Bayesian indicator of economic activit...

We construct portfolios of stocks and of bonds that are maximally predictable with respect to a set of ex ante observable economic variables, and show that these levels of predictability are statistically significant, even after controlling for data-snooping biases. We disaggregate the sources for predictability by using several asset groups, including size-sorted and industry-sorted portfolios...

The Canadian and US economies, by many measures and along many dimensions, are highly integrated and, possibly as a result of this integration, have highly correlated business cycles. This paper examines various aspects of the co-movement between the two economies. One objective is to document the relationship between the two economies at an aggregate level and to examine how the relationship m...

Price clustering is a well-documented regularity of foreign exchange transactions. In this paper, I present new empirical results of price clustering for central bank interventions. The empirical analysis for Swiss interventions uses a disaggregate approach. The most important determinants for Swiss National Bank (SNB) transactions are bank size and transaction volume. A further feature of the ...

This paper analyses the influence of the capital market on the labour market. Especially the impact of start-up financing on the structure of unemployment is of interest. We use a crosscountry panel data analysis to examine how venture capital investment influences disaggregate unemployment. As we expected, venture capital investment has different influences on sectoral-, educationaland occupat...