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This paper compares two single-equation approaches from the recent nowcast literature: Mixed-data sampling (MIDAS) regressions and bridge equations. Both approach are used to nowcast a low-frequency variable such as quarterly GDP growth by higher-frequency business cycle indicators. Three...
Persistent link: https://www.econbiz.de/10010432327
We propose a novel time-varying parameters mixed-frequency dynamic factor model which is integrated into a dynamic model averaging framework for macroeconomic nowcasting. Our suggested model can efficiently deal with the nature of the real-time data flow as well as parameter uncertainty and...
Persistent link: https://www.econbiz.de/10012119825
Persistent link: https://www.econbiz.de/10003528122
to panel attrition, which are thought to worsen the bias resulting from initial nonresponse. However, under certain … conditions an initial wave nonresponse bias may vanish in later panel waves. We study such a "Fade away" of an initial … nonresponse bias in the context of regression analysis. By using a time series approach for the covariate and the error terms we …
Persistent link: https://www.econbiz.de/10013494126
We propose a novel view of selection bias in longitudinal surveys. Such bias may arise from initial nonresponse in a … demography is used to show that an initial bias can "fade-away" in later panel waves, if the transition laws in the observed …
Persistent link: https://www.econbiz.de/10012821615
stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead … also determines their international investment decisions. Our results confirm the presence of a cross-border local bias … display a significantly lower foreign investment bias towards investment opportunities in that country and (ii) that this drop …
Persistent link: https://www.econbiz.de/10009740268
tax evasion is subject to a self-serving bias. We find that tax morale is egoistically biased: Subjects with the …
Persistent link: https://www.econbiz.de/10010403224
lives for three periods. Our results show how a paternalistic government may correct for the effects of anticipation-bias … ; adaptation ; habit-formation ; anticipation-bias ; paternalism …
Persistent link: https://www.econbiz.de/10009559801
Modern systems of official statistics require the estimation and publication of business statistics for disaggregated domains, for example, industry domains and geographical regions. Outlier robust methods have proven to be useful for small area estimation. Recently proposed outlier robust...
Persistent link: https://www.econbiz.de/10010486950
Persistent link: https://www.econbiz.de/10003503692