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Is the demand for euro area M3 stable?

Warne, Anders; Bruggeman, Annick; Donati, Paola - 2003

Persistent link: https://www.econbiz.de/10011604301

Why has broad money demand been more stable in the euro area than in other economies? A literature review

Calza, Alessandro; Sousa, João - 2003

Persistent link: https://www.econbiz.de/10011604307

Forecasting economic aggregates by disaggregates

Hendry, David F.; Hubrich, Kirstin - 2006

We suggest an alternative use of disaggregate information to forecast the aggregate variable of interest, that is to include disaggregate information or disaggregate variables in the aggregate model as opposed to first forecasting the disaggregate variables separately and then aggregating those...

Persistent link: https://www.econbiz.de/10011604635

Forecasting the world economy in the short-term

Jakaitiene, Audrone; Dées, Stéphane - 2009

forecasting di- rectly aggregate variables (direct approaches)out-perform methods based on the aggregation of country- specific …

Persistent link: https://www.econbiz.de/10011605105

Inflation perceptions and expectations in the euro area: the role of news

Badarinza, Cristian; Buchmann, Marco - 2009

The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation perceptions and expectations is driven by the flow of information related to current and future price developments in the euro area. We conduct the analysis both on an aggregate...

Persistent link: https://www.econbiz.de/10011605134

Discretionary Fiscal Policies over the Cycle: New Evidence based on the ESCB Disaggregated Approach

Agnello, Luca; Cimadomo, Jacopo - 2009

This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to economic fluctuations in European Union countries. For this purpose, it uses data on legislated revenue changes and structural indicators provided twice per year by National Central...

Persistent link: https://www.econbiz.de/10011605164

Does it matter how aggregates are measured? The case of monetary transmission mechanisms in the euro area

Beyer, Andreas; Juselius, Katarina - 2010

Beyer, Doornik and Hendry (2000, 2001) show analytically that three out of four aggregation methods yield problematic … the choice of aggregation method. …

Persistent link: https://www.econbiz.de/10011605195

Understanding and forecasting aggregate and disaggregate price dynamics

Bermingham, Colin; D’Agostino, Antonello - 2011

The issue of forecast aggregation is to determine whether it is better to forecast a series directly or instead … results, it is generally accepted that forecast aggregation is an empirical issue. Empirical results in the literature often … go unexplained. This leaves forecasters in the dark when confronted with the option of forecast aggregation. We take our …

Persistent link: https://www.econbiz.de/10011605411

Aggregation, the skill premium, and the two-level production function

León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2011

We examine the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes. We propose a normalized system estimation method to retrieve estimates of the inter- and intra-class elasticities of substitution and...

Persistent link: https://www.econbiz.de/10011605445

Trade adjustment in the European Union - a structural estimation approach

Corbo, Vesna; Osbat, Chiara - 2013

We estimate the elasticity of substitution of a country’s imports, and that of its exports on the world market, for EU countries using sector level trade data. We present a new empirical strategy based on the identification scheme by Feenstra (1994), which enables the estimation of...

Persistent link: https://www.econbiz.de/10011605580