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This paper describes how to use the R package gateveys to establish a transparent and reproducible aggregation work …. The package has two main features: First, it provides functions to build an aggregation process that re-calculates all … to dynamically add localized meta information to the resulting time series object during the aggregation process. Besides …
Persistent link: https://www.econbiz.de/10010319728
A well-known fact in the time series of aggregate output is the persistence of shocks. This paper argues that the empirical relation between the expected growth rate of a firm and its size provides a microfoundation of aggregate persistence. In fact, the empirical evidence claims that small...
Persistent link: https://www.econbiz.de/10011608446
consumption expenditure) of a large and heterogeneous population. The starting point of our aggregation analysis is a …
Persistent link: https://www.econbiz.de/10010263100
aggregation. By using the local Whittle estimator, the statistic takes the supremum among combinations of paired aggregated series …
Persistent link: https://www.econbiz.de/10010270048
In diesem Papier wird eine Konjunkturbereinigung des öffentlichen Haushaltssaldos für Deutschland vorgestellt. In den bisher am meisten verbreiteten Ansätzen wird der Konjunktureinfluss über die Abweichung des Bruttoinlandsprodukts vom Trend oder von der Normalauslastung der Wirtschaft...
Persistent link: https://www.econbiz.de/10011447196
aggregation problem. We also generate stocks, outflows and inflows of vacancies and job seekers to shed light on the importance of …
Persistent link: https://www.econbiz.de/10010317924
We investigate the possibility of exploiting partial correlation graphs for identifying interpretable latent variables underlying a multivariate time series. It is shown how the collapsibility and separation properties of partial correlation graphs can be used to understand the relation between...
Persistent link: https://www.econbiz.de/10010306285
I present empirical results on the contribution of three key drivers of inflation in Denmark: an inflation trend anchored by inflation expectations; the Danish business cycle; and an energy price cycle. All three drivers contribute significantly to the development of inflation and explain most of...
Persistent link: https://www.econbiz.de/10014563915
forecasting di- rectly aggregate variables (direct approaches)out-perform methods based on the aggregation of country- specific …
Persistent link: https://www.econbiz.de/10011605105
Despite the fact that many aggregates are nonlinear functions and the aggregation weights of many macroeconomic …, time-invariant aggregation weights. In this study a framework for nonlinear contemporaneous aggregation with possibly …
Persistent link: https://www.econbiz.de/10010270456