Showing 1 - 10 of 1,196
the naive one by a factor of 2 to 3. The relationships for inflation were successfully tested for cointegration. We have …
Persistent link: https://www.econbiz.de/10011109998
Forecasting the nominal exchange rate has been one of the most difficult exercises in economics. This study employs the … identified cointegrated vector. Out of sample forecasting analysis of parsimonious short run dynamic error correction model is …
Persistent link: https://www.econbiz.de/10011168460
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005622096
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005789941
deflator, it provides a root mean square forecasting error (RMFSE) of 1.0% at a four-year horizon for the period between 1971 … and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit …
Persistent link: https://www.econbiz.de/10005835964
obtained for the USA is characterized by A1=4.0, A2=-0.03075, and t1=2 years. It provides a root mean square forecasting error … (RMFSE) of 0.8% at a two-year horizon for the period between 1965 and 2002 (the best among other inflation forecasting models …) and has a perfect parsimony - only one predictor. The relationship is tested for cointegration. Both variables are …
Persistent link: https://www.econbiz.de/10005836346
This paper investigates the effect of unemployment on house prices in the UK property market to give an indication of the nature of their relationship. By evaluating housing research, including unemployment variables, this paper gives an overview of the uses of the unemployment variable and show...
Persistent link: https://www.econbiz.de/10011107645
This paper uses street-level data on house sales and crime rates for England and Wales to look at the existence of compensating differentials for crime risk. In terms of identification my strategy relies on the use of non-parametric regional time trends as well as various fixed effects to...
Persistent link: https://www.econbiz.de/10011261102
Ireland experienced a recent boom-bust cycle in the housing market. While the housing market in Ireland has been analysed at the national level there has been no research on the relationship between fundamentals and the housing market at the sub-national level. In this paper the spatial...
Persistent link: https://www.econbiz.de/10011112119
We analyse the determinants of house prices in the primary and secondary market of 17 largest cities in Poland during the 2002-2013 period. We find that prices are driven by economic fundamentals, such as income growth or rise in employment. Prices in the secondary market react to increases in...
Persistent link: https://www.econbiz.de/10011112767