Showing 1 - 10 of 204
primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non … methodology to estimate these two channels of spillovers. We first propose an index of a firm's sensitivity to consumer demand …
Persistent link: https://www.econbiz.de/10014409046
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy …. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intens …
Persistent link: https://www.econbiz.de/10012677510
countries/regions over the period 1979Q2 2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to … economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …
Persistent link: https://www.econbiz.de/10012690166
Intro -- Contents -- I. INTRODUCTION -- II. REGIONAL BARRIERS TO RETAIL COMPETITION IN SPAIN -- III. A COURNOT …
Persistent link: https://www.econbiz.de/10012691022
Using monthly data for a set of variables, we examine the out-of-sample performance of various variance/covariance models and find that no model has consistently outperformed the others. We also show that it is possible to increase the probability mass toward the tails and to match reasonably...
Persistent link: https://www.econbiz.de/10005825598
The paper proposes an algorithm that uses forecast encompassing tests for combining forecasts. The algorithm excludes a forecast from the combination if it is encompassed by another forecast. To assess the usefulness of this approach, an extensive empirical analysis is undertaken using a U.S....
Persistent link: https://www.econbiz.de/10005769228
policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated, based on a …
Persistent link: https://www.econbiz.de/10009618572
. Short-term forecasting would imply persistence of observed trends, as market fundamentals and underlying monetary policies …
Persistent link: https://www.econbiz.de/10014409032
This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation-forecast targeting regime at a central bank. It includes discussion of the development of data management and reporting processes; the creation of a forecast team and the...
Persistent link: https://www.econbiz.de/10012677476
forecasting applications of the estimated model are demonstrated, based on a novel Bayesian framework for conditioning on judgment …
Persistent link: https://www.econbiz.de/10012677496