In this paper the issue of causality between wages and prices in R.Macedonia has been tested. OLS relationship between … prices and wages is positive; productivity is not significant in determination of prices or wages too. Engle-Granger test …

along with the US for the period 1980-2010. Apart from the contribution of productivity to wages, we take into account the … contributions of prices, unemployment, replacement rates and taxes by means of an econometrically estimated non-linear wage equation … resulting from a wage bargaining model. We further study the downward rigidities of wages in depth. The findings show that in …

A short article which motivates the use of a fan chart in the communication of forecasts, with special emphasis on … inflation forecasts. A fan chart for Maltese HICP inflation projections is built, using the history of forecast errors. …

This paper investigates the impact of the Kolmogorov-Sinai entropy on both the accuracy of probabilistic forecasts and …

This paper investigates the impact of the Kolmogorov-Sinai entropy on both the accuracy of probabilistic forecasts and …

influence tourism demand in this region, as well as accurate forecasts, can assist policy makers in their planning efforts and … Bahamas, while the cost of travel is generally insignificant. To further assess model reliability, forecasts of the ECMs are … forecasts, their performances are not superior to those provided by random walk benchmarks. …

This paper investigates the issue of rational expectations using inflation forecasts from the Survey of Professional …