📈 economics

Construction-at-Risk: Financial conditions and downside risk in residential construction

This paper introduces a "construction-at-risk" framework demonstrating that broad financial conditions, particularly Chicago Fed measures, provide superior early-warning signals for downside risks in U.S. residential construction—specifically distinguishing between planning-stage permit declines and execution-stage start reductions—compared to traditional mortgage-rate benchmarks.

Myeongwon Lee, Doojin Ryu2026-09-12
📈 economics

Imbalance Price Forecasting in the Italian Energy Market Using Deep Neural Networks and Temporal Fusion Transformers

This paper proposes a probabilistic forecasting framework using Temporal Fusion Transformers for the volatile Italian electricity imbalance market, demonstrating that while deterministic accuracy is limited, the model's primary value lies in its ability to provide calibrated risk bands and interpretable insights for effective risk management.

Davide Milillo, Valentino Caputi, Rafiq Asghar, Husam S. Samkari, Michele Quercio, Francesco Riganti Fulginei2026-09-11
📈 economics

Same Finances, Different Scores: Unexplained Dispersion in the CFPB Financial Well-Being Scale

Despite the CFPB Financial Well-Being Scale's high reliability, approximately 40% of its variance remains unexplained by observed financial positions or demographics, revealing that the instrument captures subjective factors like temperament and life satisfaction which cause the scale's comparative meanings and confidence levels to vary significantly depending on the specific groups being analyzed.

Shay Tsaban2026-09-11
📈 economics

Ebuka Precious Ogbonna (0009-0000-1000-5313), Oluseyi Moses Ajayi (https://orcid.org/0000-0002-5774-9034) and Mark Swainson (https://orcid.org/0000-0003-2242-6750)

This study of 190 UK food manufacturing professionals reveals that process validation effectiveness serves as a critical mediating mechanism that translates lean capabilities and sustainability leadership into resource efficiency, suggesting that manufacturers should prioritize validation-embedded continuous improvement and leadership over standalone equipment investments.

Ebuka. Precious Ogbonna, Oluseyi Moses Ajayi, Mark Swainson2026-09-11
📈 economics

Efficiency Dynamics of the Precious Metals Market: The AMIM Approach

This study employs the novel Adjusted Market Inefficiency Magnitude (AMIM) approach to analyze daily returns of gold, silver, platinum, and palladium from late 2019 to mid-2026, revealing that while all four metals generally support the weak-form efficient market hypothesis, their efficiency dynamics vary significantly across pandemic and post-pandemic regimes, with palladium consistently showing the lowest efficiency and silver being the only asset to improve its efficiency in the post-pandemic era.

Onur Özdemir, Safiye Egeli2026-09-11
📈 economics

Impact of the internship policy on access to decent employment for graduates in Côte d'Ivoire

Using data from the APEAF survey and employing selection probit and propensity score matching models, this study finds that while Côte d'Ivoire's public internship policy positively influences graduates' access to decent employment by approximately 6.65% through signaling to employers, the overall probability remains limited despite the benefits of higher education degrees.

Nohoua TRAORE, Andoh Régis Vianney YAPO, Kan David N'DRI2026-09-11
📈 economics

Procurement as an Innovation Lever for Big Science: Mechanisms, Measurement, and an Agenda for Change

Drawing on literature and practitioner insights from major European science organizations, this paper argues that while public procurement is a potent but underutilized driver of innovation in Big Science, overcoming the binding constraints of capacity, culture, and political will through improved governance and measurement frameworks is essential to unlocking its full socio-economic potential.

Elvira Uyarra, Alessandra Martina, Sara Fletcher, Robbelien Kooistra, Mirko Menninga2026-09-11