This paper discusses pooling versus model selection for now- and forecasting in the pres-ence of model uncertainty with large, unbalanced datasets. Empirically, unbalanceddata is pervasive in economics and typically due to di¤erent sampling frequencies andpublication delays. Two model classes...

This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR(MF-VAR) approaches to model speci…cation in the presence of mixed-frequency data,e.g., monthly and quarterly series. MIDAS leads to parsimonious models based onexponential lag polynomials for the coe¢ cients, whereas...

CII Introduction: Our previous thinkpiece by Mick McAteer described how the transfer of risk from the state to the individual is failing. Protection is one area where this problem persists: state income support is rolling back and private protection insurance is simply not alleviating the gap,...

The current economicrecession that has gripped the world hasarrived with considerable ferocity, and thereseems little debate that the banking liquiditycrisis has demanded prompt and decisiveaction from states and internationalinstitutions alike. The question confrontingmany policy makers and...

The importance of multinational companies (MNCs) in the UK economy is not inquestion. One way in which this is evident is that Britain is a major recipient offoreign direct investment (FDI) by MNCs, accounting for 8.7% of the inward stockof global FDI. In addition, large numbers of...

Zwar sind Anzeichen einer konjunkturellen Erholung nach Phasen der Stagnation und Rezession erkennbar, doch um einen nachhaltigen wirtschaftlichen Aufschwung zu erreichen, müssen notwendige Strukturreformen durchgesetzt werden. Insbesondere bei kleinen und mittelständischen Unternehmen führen...

This chapter develops a unified analytical framework, drawing on and extending the existing literatureon the subject, for studying the role of property rights in economic development. Itaddresses two fundamental and related questions concerning the relationship between propertyrights and...

This paper creates a guide to analyze and interpret FDI statistics.