Narrow search
Showing 1 - 10 of 68
Cover Image
The accuracy of a forecast targeting central bank
Falch, Nina Skrove; Nymoen, Ragnar - Institut für Weltwirtschaft (IfW) - 2011
This paper evaluates inflation forecasts made by Norges Bank which is recognized as a successful forecast targeting central bank. It is reasonable to expect that Norges Bank produces inflation forecasts that are on average better than other forecasts, both 'naïve' forecasts, and forecasts from...
Persistent link: https://www.econbiz.de/10009647561
Cover Image
Asymmetry and Spillover Effects in the North American Equity Markets
Canarella, Giorgio; Sapra, Sunil K.; Pollard, Stephen K. - Institut für Weltwirtschaft (IfW) - 2007
account for asymmetries of return and volatility spillover effects from the US equity market into Canada and Mexico. Unlike … previous research, we model the conditional volatility of the returns in each of the three markets using the asymmetric power … model of Ding, Granger and Engle (1993). The empirical results indicate that volatility spillover effects, but not mean …
Persistent link: https://www.econbiz.de/10005097471
Cover Image
The Effects of the Real Exchange Rate Volatility and Misalignments on Foreign Trade Flows in Uzbekistan
Olimov, Ulugbek; Sirajiddinov, Nishanbay - Institut für Weltwirtschaft (IfW) - 2008
period of 1994q32005q2. The results suggest that the real exchange rate volatility and misalignment have depressing effects … volatility proving that the policy-induced changes in exchange rate has a stabilizing effect on trade flows. The implied … elasticity for the most significant real exchange rate volatility coefficient is 0.20. Using a two-step Engle-Granger technique …
Persistent link: https://www.econbiz.de/10005083383
Cover Image
Consumer’s Willingness to Pay for Green Electricity: A Meta-Analysis of the Literature
Sundt, Swantje; Rehdanz, Katrin - Institut für Weltwirtschaft (IfW) - 2014
The number of studies published focusing on people’s preferences for green electricity has increased steadily, making it more and more difficult to identify key explanatory factors that determine people’s willingness-to-pay (WTP). Based on results of a meta-regression our results indicate...
Persistent link: https://www.econbiz.de/10010886910
Cover Image
Der Einfluss des Erdölpreises auf die Energiesteuerprognose
Boysen-Hogrefe, Jens - Institut für Weltwirtschaft (IfW) - 2013
Die vorliegende Studie untersucht die Zusammenhänge zwischen Erdölpreisen, Kraftstoffpreisen, verbrauchten Mengen und dem Energiesteueraufkommen. Wesentliche Ergebnisse sind, dass die verbrauchten Kraftstoffmengen mit der gesamtwirtschaftlichen Produktion und den Erdölpreisen schwanken. Vor...
Persistent link: https://www.econbiz.de/10010886916
Cover Image
Forecasting German Key Macroeconomic Variables Using Large Dataset Methods
Pirschel, Inske; Wolters, Maik - Institut für Weltwirtschaft (IfW) - 2014
We study the forecasting performance of three alternative large scale approaches using a dataset for Germany that consists of 123 variables in quarterly frequency. These three approaches handle the dimensionality problem evoked by such a large dataset by aggregating information, yet on different...
Persistent link: https://www.econbiz.de/10010887025
Cover Image
Explaining the Variation in the Value of Building Energy Efficiency Certificates: A Quantitative Meta-Analysis
Ankamah-Yeboah, Isaac; Rehdanz, Katrin - Institut für Weltwirtschaft (IfW) - 2014
The built environment has been identified as one of the cost effective platforms for reducing energy demand and greenhouse gas emissions. With policies and the know-how in existence, the real estate sector has already adopted measures such as building codes and energy efficiency labels to drive...
Persistent link: https://www.econbiz.de/10010905576
Cover Image
Bridging the gap between horizontal and vertical merger simulation: Modifications and extensions of PCAID
Bush, C. Anthony - Institut für Weltwirtschaft (IfW) - 2014
A general theoretical and empirical framework is developed for assessing the potential of a vertically integrated firm to foreclose downstream competitors. Using this framework a policymaker may also evaluate the empirical welfare effects from a vertically integrated firm raising rivals' costs....
Persistent link: https://www.econbiz.de/10010956119
Cover Image
Forecast Evaluation of Explanatory Models of Financial Return Variability
Sucarrat, Genaro - Institut für Weltwirtschaft (IfW) - 2008
A practice that has become widespread is that of comparing forecasts of financial return variability obtained from discrete time models against high frequency estimates based on continuous time theory. In explanatory financial return variability modelling this raises several methodological and...
Persistent link: https://www.econbiz.de/10005083354
Cover Image
Modeling the Dynamics of EU Economic Sentiment Indicators: An Interaction-Based Approach
Ghonghadze, Jaba; Lux, Thomas - Institut für Weltwirtschaft (IfW) - 2009
This paper estimates a simple univariate model of expectation or opinion formation in continuous time adapting a ‘canonical’ stochastic model of collective opinion dynamics (Weidlich and Haag, 1983; Lux, 1995, 2007). This framework is applied to a selected data set on survey-based expectations...
Persistent link: https://www.econbiz.de/10005700525