Showing 1 - 10 of 76
Data are shown to generate efficiency gains but to have been unevenly shared across firms and households, and the subpar economic performance of most advanced economies (prior to the pandemic) has been attributed to increased market power originating, at least in part, from the increased use of...
Persistent link: https://www.econbiz.de/10013523857
A defining aspect of the digital age is data and its business use. Data have become an important input for firms (e.g., to train artificial intelligence algorithms) but data use is neither accounted for in macroeconomic statistics nor part of business contracts for goods and services provided to...
Persistent link: https://www.econbiz.de/10013376913
to forecast GDP growth of the six largest member countries is developed, using quantile regressions to construct a … probability distribution of future GDP, as opposed to mean point forecasts. This approach allows uncertainty to be assessed …
Persistent link: https://www.econbiz.de/10011276837
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...
Persistent link: https://www.econbiz.de/10011276951
around point forecasts. The procedure is applied, by way of example, to the short-term real GDP growth forecasts generated by … the OECD Indicator Model for Germany. The empirical probability distributions of the GDP growth forecasts, derived through … the bootstrapping technique, allow the ex ante probability of, for example, a negative GDP growth forecast for the current …
Persistent link: https://www.econbiz.de/10011276958
business cycle, calling for a reassessment. This paper analyses the OECD's annual GDP growth projections for the G7 countries …
Persistent link: https://www.econbiz.de/10005045656
This paper assesses if GDP per capita is an adequate proxy as a measure of wellbeing or whether other indicators are …, but they are closely correlated with GDP per capita and are not as readily available. Illustrative calculations to ?extend … suggest that cross-country ranking of based on these indicators and GDP per capita are generally similar, although they have …
Persistent link: https://www.econbiz.de/10005045914
Switzerland has had a long-standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the...
Persistent link: https://www.econbiz.de/10005045585
production, GDP and unemployment -- are also selected, but more frequently at very short horizons. The variables selected do not …
Persistent link: https://www.econbiz.de/10014491385
Switzerland has had a long-standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the...
Persistent link: https://www.econbiz.de/10012445520