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A note on firm entry, markups and the business cycle

Cavallari, Lilia - In: Economic Modelling 35 (2013) C, pp. 528-535

This paper proposes a monetary model with firm entry as a means for alleviating the difficulties of real business cycle models in reproducing the smoothness and persistence of macroeconomic variables together with the volatility of profits and markups. Simulations show that my baseline model...

Persistent link: https://www.econbiz.de/10010719410

Forecasting with a state space time-varying parameter VAR model: Evidence from the Euro area

Bekiros, Stelios - In: Economic Modelling 38 (2014) C, pp. 619-626

Standard VAR and Bayesian VAR models are proven to be reliable tools for modeling and forecasting, yet they are still linear and they do not consider time-variation in parameters. VAR modeling is subject to the Lucas critique and fails to take into account the inherent nonlinearities of the...

Persistent link: https://www.econbiz.de/10011048862

Evaluating a vector of the Fed’s forecasts

Sinclair, Tara M.; Stekler, H.O.; Carnow, Warren - In: International Journal of Forecasting 31 (2015) 1, pp. 157-164

forecasts. Finally, we use the same methodology to determine whether the Fed’s forecasts of GDP growth, inflation, and …

Persistent link: https://www.econbiz.de/10011117240

Short-term inflation projections: A Bayesian vector autoregressive approach

Giannone, Domenico; Lenza, Michele; Momferatou, Daphne; … - In: International Journal of Forecasting 30 (2014) 3, pp. 635-644

-through effect of oil-price shocks on core inflation and a strong Phillips curve during the Great Recession. …

Persistent link: https://www.econbiz.de/10010786467

Forecasting with factor-augmented error correction models

Banerjee, Anindya; Marcellino, Massimiliano; Masten, Igor - In: International Journal of Forecasting 30 (2014) 3, pp. 589-612

-correction, cointegration and dynamic factor models, and has several conceptual advantages over the standard ECM and FAVAR models. In particular …

Persistent link: https://www.econbiz.de/10010786468

Now-casting inflation using high frequency data

Modugno, Michele - In: International Journal of Forecasting 29 (2013) 4, pp. 664-675

This paper proposes a methodology for now-casting and forecasting inflation using data with a sampling frequency which …

Persistent link: https://www.econbiz.de/10011051440