This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …

maximum likelihood estimation of the parameters in the model, we use an expectation maximization algorithm based on the state …

Kalman-filtering-based maximum-likelihood estimation method. Following the method, we estimate monthly and quarterly VAR(2 … GDP forecasts. The Kalman filter is used to compute the likelihood in estimation and to produce forecasts. Generally, the …

This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …

estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject the hypothesis that …

We employ a comprehensive matched employer-employee data set for Brazil to analyze wage determinants and compare … selectivity of Brazilian workers into formal employment. The links between firm performance and wage components in Brazil resemble …