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demand conditions (the accelerator effect) but financial factors and heightened uncertainty have also played a role. In …
Persistent link: https://www.econbiz.de/10011276786
Uncertainty is inherent to forecasting and assessing the uncertainty surrounding a point forecast is as important as … the forecast itself. Following Cornec (2010), a method to assess the uncertainty around the indicator models used at OECD … probability distribution of future GDP, as opposed to mean point forecasts. This approach allows uncertainty to be assessed …
Persistent link: https://www.econbiz.de/10011276837
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the …. Overall, this analysis shows that the uncertainty impact on growth has been relatively small in Greece between 2008 and 2013 …
Persistent link: https://www.econbiz.de/10011276951
financial accelerator and Tobin?s Q are found especially for the G7 countries as well as uncertainty effects as proxied by asset …
Persistent link: https://www.econbiz.de/10008542500
change and to explain how these estimates are built in order to identify the main sources of uncertainty and approximation … affecting them. Second, the paper discusses how this uncertainty should influence policymaker?s decisions. A main conclusion of …
Persistent link: https://www.econbiz.de/10005046106
ushered in an era of greater uncertainty. While a prompt and vigorous policy response helped limit the immediate economic …
Persistent link: https://www.econbiz.de/10005046162
subject to considerable revision over time, this paper investigates the uncertainty surrounding projections and early outturn … are relatively moderate. Despite the uncertainty attached to gap estimates, they remain useful for policymakers, helping …
Persistent link: https://www.econbiz.de/10005046234
Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence. From the Russian crisis in 1998 to the great recession in 2009 Estonia gained an impressive 20% in GDP per capita relative to the EU27 average in PPPs. Like the other...
Persistent link: https://www.econbiz.de/10009146865
In the 16 years since the OECD began conducting Economic Surveys of the Russian Federation, a great many policy recommendations relating to structural reform and framework conditions have been made. This paper, expanding on Annex 1.A1 in the 2011 OECD Economic Survey of the Russian Federation,...
Persistent link: https://www.econbiz.de/10009394360
, innovative property and economic competencies – has been rising significantly. This has implications for innovation and … role for innovation policies to raise private investment in KBC towards socially optimal levels. Indeed, R&D tax incentives … between the incentives to innovate and the broad diffusion of knowledge.<P>Actifs intellectuels, innovation et mobilité des …
Persistent link: https://www.econbiz.de/10011276729