Showing 1 - 10 of 105
This paper uses index number theory to disentangle changes in aggregate retail interest rates due to changes in individual component rates ("interest rate effect") from those caused by changes in the weights of each component ("weight effect"), on the basis of the "difference" index numbers...
Persistent link: https://www.econbiz.de/10013316478
Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which matter when all are treated symmetrically a priori? We find that growth determinants emerging from agnostic Bayesian model averaging and classical model selection procedures...
Persistent link: https://www.econbiz.de/10013316816
This paper uses survey data to assess consumers' inflation expectations in the euro area. The probability approach is … used to derive quantitative estimates of inflation expectations from the European Commission's Consumer Survey. The paper …
Persistent link: https://www.econbiz.de/10011604209
evidence from two surveys - one of central bank governors, the other of academic specialists. We find that central banks in …
Persistent link: https://www.econbiz.de/10011667191
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived … measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non …
Persistent link: https://www.econbiz.de/10012605253
-term mean of inflation expectations, π∗t , is applied to inflation-linked swap (ILS) rates, while taking into account survey …
Persistent link: https://www.econbiz.de/10015199473
Using a novel dataset linking firm level data from the Survey on Access to Finance of Enterprises (SAFE) and bank level … data from the Bank Lending Survey (BLS), we explore how changes in credit standards pass through to firms at a granular …
Persistent link: https://www.econbiz.de/10015199485
This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey …
Persistent link: https://www.econbiz.de/10015199513
The COVID-19 crisis has affected economic sectors very heterogeneously, with possible risks for permanent losses in some sectors. This paper presents a sectoral-level, bottom- up method to estimate euro area potential outputin order to assess the impact of the crisis on it. The estimates are...
Persistent link: https://www.econbiz.de/10014278379
variables in the model, rather than just on future paths as it is usually done in the conditional forecasting literature. The … forecasting densities of a BVAR and a DSGE model on information about the marginal densities of future oil prices. The results …-inflation over the considered forecasting horizon. Finally, a real-time forecasting exercise yields that introducing market …
Persistent link: https://www.econbiz.de/10014374354