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individuals are (or think they are) in using information to avoid avalanche risks. -- Avalanche Risk ; Mortality ; Value of …
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When do financial markets help in predicting economic activity? With incomplete markets, the link between financial and real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail" macroeconomic events. We examine this conjecture by...
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capture the dynamics of oil prices. Second, we analyse the effects of different data frequencies on the coefficient estimates … and forecasts obtained using each selected econometric specification. Third, we compare different models at different data … frequencies on a common sample and common data. Fourth, we evaluate the forecasting performance of each selected model using …
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