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New Keynesian Phillips Curves (NKPC) have been extensively used in the analysis of monetary policy, but yet there are a number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first is whether such equations are identified. To check...
Persistent link: https://www.econbiz.de/10005763475
indicate that, as of late, bitcoin has become increasingly interdependent with gold, and seems just as suitable to hedge …
Persistent link: https://www.econbiz.de/10012597469
forecasting, decision making, model evaluation and learning can be considered as parts of the same interactive and iterative …
Persistent link: https://www.econbiz.de/10005763931
am) and in the evening (5 pm to 7 pm). I propose such searches as a way of forecasting road conditions. The main result …
Persistent link: https://www.econbiz.de/10011401780
This paper performs a comparative analysis of estimation as well as of out-of-sample forecasting results of more than … estimates of the migration function. Out-of-sample forecasting results indicate the following: (i) the standard fixed effects … variables estimators, (iv) forecasting performance of heterogenous estimators is mediocre in our data set. …
Persistent link: https://www.econbiz.de/10010267584
This paper compares various forecasts using panel data with spatial error correlation. The true data generating process is assumed to be a simple error component regression model with spatial remainder disturbances of the autoregressive or moving average type. The best linear unbiased predictor...
Persistent link: https://www.econbiz.de/10010268987
This paper provides a novel approach to forecasting time series subject to discrete structural breaks. We propose a …
Persistent link: https://www.econbiz.de/10010276180
. Internet data can successfully be applied to a very wide range of human resource issues including forecasting (e.g. of …
Persistent link: https://www.econbiz.de/10010513162
Prediction markets - markets used to forecast future events - have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their utilization by...
Persistent link: https://www.econbiz.de/10010287666
Prediction markets – markets used to forecast future events – have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their...
Persistent link: https://www.econbiz.de/10011252271