Showing 1 - 10 of 48
special survey on SPF forecast processes and methodologies in the fourth quarter of 2023 (after 100 rounds of the SPF and 25 …
Persistent link: https://www.econbiz.de/10015277055
special survey on SPF forecast processes and methodologies in the fourth quarter of 2023 (after 100 rounds of the SPF and 25 …
Persistent link: https://www.econbiz.de/10015277066
This paper analyses the predictive power of market-based and survey-based inflation expectations for actual inflation. We use the data on inflation swaps and the forecasts from the Survey of Professional Forecasters for the euro area and the United States. The results show that both market-based...
Persistent link: https://www.econbiz.de/10015296688
This paper demonstrates how the real-time forecasting accuracy of different Brent oil price forecast models changes … propose a forecast combination approach to predict quarterly real Brent oil prices. A four-model combination (consisting of … than the futures and the random walk up to 11 quarters ahead, on average, and generates a forecast whose performance is …
Persistent link: https://www.econbiz.de/10015301971
This paper investigates the growth impact of the EU's Structural, Cohesion and Pre-accession Funds. We look at a large sample of 27 EU countries and the UK, over a period of 1989 and 2020, essentially covering the full history of these funds. We show that the growth effect of the funds is...
Persistent link: https://www.econbiz.de/10015322770
This paper analyses how country-specific institutional quality shapes the impact of monetary policy on downside risks to GDP growth in the euro area. Using identified highfrequency shocks in a growth-at-risk framework, we show that monetary policy has a higher impact on downside risks in the...
Persistent link: https://www.econbiz.de/10015321121
While there are many methods to measure the competitiveness of an economy, most of these concepts do not sufficiently distinguish between how market factors influence competitiveness, and what governments can do to improve their competitive position. Disentangling market-induced and...
Persistent link: https://www.econbiz.de/10015301795
This paper aims to identify the contribution of the business cycle and structural factors to the development of part-time employment in the EU-15 countries, through the exploitation of both cross-sectional and time series variations over the past two decades. This analysis is used to comment on...
Persistent link: https://www.econbiz.de/10015317427
We analyse the forecasting power of different monetary aggregates and credit variables for US GDP. Special attention is paid to the influence of the recent financial market crisis. For that purpose, in the first step we use a three-variable single-equation framework with real GDP, an interest...
Persistent link: https://www.econbiz.de/10015298932
Persistent link: https://www.econbiz.de/10015290756