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A unified framework for dimension reduction in forecasting
Barbarino, Alessandro; Bura, Efstathia - 2017
series forecasting models for economic variables. In these models, the reduction of the predictors and the modeling and … forecasting of the response y are carried out in two separate and independent phases. We introduce a potentially more attractive … of widely used macroeconomic series data with one or two sufficient reductions delivering similar forecasting performance …
Persistent link: https://www.econbiz.de/10011708094
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Income inequality, financial crises, and monetary policy
Cairó, Isabel; Sim, Jae W. - 2018
We construct a general equilibrium model in which income inequality results in insufficient aggregate demand, deflation pressure, and excessive credit growth by allocating income to agents featuring low marginal propensity to consume, and if excessive, can lead to an endogenous financial crisis....
Persistent link: https://www.econbiz.de/10011932429
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Mutual Funds and the Impact of Financial Crises
Flavia, Barna; Miruna-Lucia, Nachescu; Liliana, Mihart - In: Ovidius University Annals, Economic Sciences Series XI (2011) 2, pp. 67-71
During the last few decades, mutual funds have passed through a period of significant development regarding the managed assets volume and number of funds, as well as regarding the investment strategies and financial instruments used. The present paper wants to analyze the main evolutions on the...
Persistent link: https://www.econbiz.de/10010631978
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Monetary Policy and Financial Stability: Recent Approaches and New Guidelines
Angela, Roman; ?argu Alina Camelia - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 1640-1645
Recent international financial crisis has highlighted the crucial importance of financial stability and showed clearly that ensuring price stability as an objective of monetary policy is a necessary but not a sufficient condition to ensure financial stability. In this context, there have been...
Persistent link: https://www.econbiz.de/10010631996
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Labor Force Participation : Recent Developments and Future Prospects
Aaronson, Stephanie - 2014
Since 2007, the labor force participation rate has fallen from about 66 percent to about 63 percent. The sources of this decline have been widely debated among academics and policymakers, with some arguing that the participation rate is depressed due to weak labor demand while others argue that...
Persistent link: https://www.econbiz.de/10013047177
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Unemployment risk
Kiley, Michael T. - 2018 - Version 3
Fluctuations in upside risks to unemployment over the medium term are examined using quantile regressions. U.S. experience reveals an elevated risk of large increases in unemployment when inflation or credit growth is high and when the unemployment rate is low. Inflation was a significant...
Persistent link: https://www.econbiz.de/10012016326
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How fast are semiconductor prices falling?
Byrne, David; Oliner, Stephen; Sichel, Daniel E. - 2017
The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in recent years, a dramatic contrast to the rapid declines reported from the mid-1980s to the early 2000s. This slowdown in the rate of decline is puzzling in light of evidence that...
Persistent link: https://www.econbiz.de/10011708124
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Assessing the Change in Labor Market Conditions
Chung, Hess T.; Fallick, Bruce; Nekarda, Christopher J.; … - 2022
This paper describes a dynamic factor model of 19 U.S. labor market indicators, covering the broad categories of unemployment and underemployment, employment, workweeks, wages, vacancies, hiring, layoffs, quits, and surveys of consumers' and businesses' perceptions. The resulting labor market...
Persistent link: https://www.econbiz.de/10014088089
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Estimating Potential Output in Romania using a Structural VAR
Tiberiu, Stoica - In: Ovidius University Annals, Economic Sciences Series XI (2011) 2, pp. 1203-1207
This paper estimates the potential output in Romania using seven structural VAR models. During the period of economic boom the potential GDP growth in Romania was around 6.5 %. The severe economic crisis that started in the last quarter of 2008 generated a significant reduction of the potential...
Persistent link: https://www.econbiz.de/10010632126
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Assessing the Change in Labor Market Conditions
Chung, Hess T. - 2015
This paper describes a dynamic factor model of 19 U.S. labor market indicators, covering the broad categories of unemployment and underemployment, employment, workweeks, wages, vacancies, hiring, layoffs, quits, and surveys of consumers' and businesses' perceptions. The resulting labor market...
Persistent link: https://www.econbiz.de/10013031124