Showing 1 - 10 of 1,547
We produce a social unrest risk index for 125 countries covering a period of 1996 to 2020. The risk of social unrest is based on the probability of unrest in the following year derived from a machine learning model drawing on over 340 indicators covering a wide range of macro-financial,...
Persistent link: https://www.econbiz.de/10012796240
-of-sample forecasting and in predicting the most recent crises, a weakness of EWS in general. We also build EWS for low income countries …
Persistent link: https://www.econbiz.de/10011905898
Financial crises pose unique challenges for forecast accuracy. Using the IMF's Monitoring of Fund Arrangement (MONA … informational value as they consistently outperform naive forecast approaches. However, we also document that there is room for … improvement: two thirds of the key macroeconomic variables that we examine are forecast inefficiently and 6 variables (growth of …
Persistent link: https://www.econbiz.de/10011932572
predictability, consistent with the lack of systematic improvement in out-of-sample forecasting performance relative to a random walk … have better medium-term forecasting properties, careful attention must be paid to finite-sample biases in assessing …
Persistent link: https://www.econbiz.de/10014399684
Currency crises are difficult to predict. It could be that we are choosing the wrong variables or using the wrong models or adopting measurement techniques not up to the task. We set up a Monte Carlo experiment designed to evaluate the measurement techniques. In our study, the methods are given...
Persistent link: https://www.econbiz.de/10014397444
This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent with Okun’s Law, forecasts of real GDP growth and the change in unemployment are negatively correlated. The Okun coefficient—the responsiveness of unemployment to growth—from...
Persistent link: https://www.econbiz.de/10014394299
improve the precision of macroeconomic forecasting, especially in areas with data constraints. This paper investigates whether … travel-related online search queries enhance accuracy in the forecasting of tourist arrivals to The Bahamas from the U.S. The … results indicate that the forecast model incorporating internet search data provides additional information about tourist …
Persistent link: https://www.econbiz.de/10012170113
model with endogenously determined policy credibility and an effective lower bound is developed for forecasting and policy …
Persistent link: https://www.econbiz.de/10012154577
Past studies on the relationship between electricity consumption and temperature have primarily focused on individual …, overcoming the data constraint by using grid-level night light and temperature data. Mostly generated by electricity and recorded … by satellites, night light has a strong linear relationship with electricity consumption and is correlated with both its …
Persistent link: https://www.econbiz.de/10012517931
Persistent link: https://www.econbiz.de/10012796674