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Multivariate unobserved components (structural) time series models are fitted to annual post-war observations on real income per capita in countries in the euro zone. The aim is to establish stylized facts about convergence as it relates both to long-run income levels and to cycles. The analysis...
Persistent link: https://www.econbiz.de/10005067405
for forecasting GDP growth at short-term horizons in the euro area. We discuss three sets of empirical results. First we … forecast revisions. Third we design a pseudo out of sample forecasting exercise and examine point and density forecast accuracy …
Persistent link: https://www.econbiz.de/10011083444
Markov-switching models. After a discussion of estimation and inference for MS-MIDAS, and a small sample simulation based …
Persistent link: https://www.econbiz.de/10008854481
We define nowcasting as the prediction of the present, the very near future and the very recent past. Key in this … argue that the nowcasting process goes beyond the simple production of an early estimate and it consists in the analysis of … nowcasting traditionally conducted in policy institutions and used, alongside the judgemental procedures, in many central banks …
Persistent link: https://www.econbiz.de/10008468620
exchange can be usefully exploited in forecasting future spot exchange rates. I use signal-extraction techniques, based on …
Persistent link: https://www.econbiz.de/10005661737
We analyse the impact of increased immigration on labour market outcomes of natives in Germany using a dataset of … previous level. Especially for unemployment we find large effects of an increased foreign share. We conjecture that these … results might be spurious. Foreigners tend to be concentrated in lower unemployment areas but unemployment tends to be mean …
Persistent link: https://www.econbiz.de/10005504240
The purpose of this paper is to link the twin horns of the European economic dilemma - unemployment and a loss in … international competitiveness - to a lack of innovative activity. In Germany the Innovationskrise (innovation crisis) combines with … the Standortkrise (location crisis) and the Arbeitslosenkrise (unemployment crisis) to form a triad of economic challenges …
Persistent link: https://www.econbiz.de/10005661481
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10005666858
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …
Persistent link: https://www.econbiz.de/10009246610
survey data of a representative inflow sample into unemployment in Germany, we empirically test the hypothesis that …
Persistent link: https://www.econbiz.de/10008854550