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New Zealand's unrelenting current account deficits, its trade performance and high external debt level remain central to ongoing economic policy debates. However, what has been overlooked in the discussion of New Zealand's economic relations with its trading partners is the positive contribution...
Persistent link: https://www.econbiz.de/10012115608
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
poverty reduction in five different geographic regions - Brazil, the Northeastern region, the state of Bahia, the metropolitan … the Programa Bolsa Família. Thus, both growth and redistribution contributed decisively to poverty reduction in Brazil and …-term prospects for pro-poor growth and poverty reduction in Brazil will hinge on a more equitable labor market in the Northeastern …
Persistent link: https://www.econbiz.de/10010330438
access density in Brazil and the GDP and GDP per capita growth. Broadband access densities, GDP, GDP per capita and the …
Persistent link: https://www.econbiz.de/10010330478
This work aims to analyze if the trajectory and composition of net and gross, public debt and external liabilities can hinder the growth of Brazilian GDP. The work concludes that fiscal indicators are more comfortable that external indicators. The net public debt is falling and less linked to...
Persistent link: https://www.econbiz.de/10010330718
impact on the GDP and GDP per capita, resulted of the increase in the broadband internet access diffusion in Brazil …
Persistent link: https://www.econbiz.de/10010330950
We derive forecast weights and uncertainty measures for assessing the role of individual series in a dynamic factor model (DFM) to forecast euro area GDP from monthly indicators. The use of the Kalman filter allows us to deal with publication lags when calculating the above measures. We find...
Persistent link: https://www.econbiz.de/10011604797
Euro area GDP and components are nowcast and forecast one quarter ahead. Based on a dataset of 163 series comprising the relevant monthly indicators, simple bridge equations with one explanatory variable are estimated for each. The individual forecasts generated by each equation are then pooled,...
Persistent link: https://www.econbiz.de/10011604971
In this paper we propose a methodology to estimate a dynamic factor model on data sets with an arbitrary pattern of missing data. We modify the Expectation Maximisation (EM) algorithm as proposed for a dynamic factor model by Watson and Engle (1983) to the case with general pattern of missing...
Persistent link: https://www.econbiz.de/10011605235
Forecasts from dynamic factor models potentially benefit from refining the data set by eliminating uninformative series. The paper proposes to use forecast weights as provided by the factor model itself for this purpose. Monte Carlo simulations and an empirical application to forecasting euro...
Persistent link: https://www.econbiz.de/10011435303