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Many economic studies on inflation forecasting have found favorable results when inflation is modeled as a stationary process around a slowly time-varying trend. In contrast, the existing studies on interest rate forecasting either treat yields as being stationary, without any shifting...
Persistent link: https://www.econbiz.de/10010326362
can be calculated directly, without the estimation of RNDs, but which show strong co-movement with the central moments of …
Persistent link: https://www.econbiz.de/10010322462
While the yield spread has long been recognized as a good predictor of recessions, it seems to have been largely overlooked by professional forecasters. We examine this puzzle, established by Rudebusch and Williams (2009), in a data-rich environment including not just the yield spread but many...
Persistent link: https://www.econbiz.de/10010288463
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro … contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA in particular …
Persistent link: https://www.econbiz.de/10010324272
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro … high contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA …
Persistent link: https://www.econbiz.de/10010310721
The paper describes the issue of the impact of poverty and income inequality on the health of the population using … health to the disadvantage of the poor, and to changes in impoverishment and income inequality associated with payments for … equity with respect to financing and access is undermined. It is emphasized that reducing poverty and income inequality …
Persistent link: https://www.econbiz.de/10010262888
in income inequality. Our results indicate rising levels of inequality during war and especially in the early period of … post-war reconstruction. However, we find that this rise in income inequality is not permanent. While inequality peaks …-war reconstruction seem to be valid explanations for these patterns of inequality. A series of alternative specifications confirms the …
Persistent link: https://www.econbiz.de/10010269837
in income inequality. Our results indicate rising levels of inequality during war and especially in the early period of … post-war reconstruction. However, we find that this rise in income inequality is not permanent. While inequality peaks …-war reconstruction seem to be valid explanations for these patterns of inequality. A series of alternative specifications confirms the …
Persistent link: https://www.econbiz.de/10010271373
are analogous to the widely-used decompositions of inequality indices by population subgroup, except that they summarize … are not dependent on the choice of a specific summary index. Nonetheless, since inequality and poverty indices can be …
Persistent link: https://www.econbiz.de/10010276944
This paper provides a self-contained introduction to the British Household Panel Survey (BHPS), concentrating on aspects relevant to analysis of the distribution of household income. I discuss BHPS design features and how data on net household income are derived. The BHPS net household income...
Persistent link: https://www.econbiz.de/10010288923