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. Solid output growth is expected for the U.S. and euro area over the forecast period; China’s growth rates remain high …, though they are declining somewhat; and Russia is coming out of its recession. Private consumption is driving growth in the …
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the German Institute for Economic Research forecast in comparison to that of the fall. The upswing will gain momentum in … suitably curb expansion. And a somewhat less expansive monetary policy emanating from the USA and euro area could curb …
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The degree of comovement of economic activity across states or regions is an issue of utmost importance to policymakers. Asymmetric business cycles are often seen as an impediment to the formation of a common currency area. However, it has been argued that a common monetary policy in itself...
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forecast accuracy shows. Therefore, the effciency gains of using a large data set with this kind of factor models seem to be …
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