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Interpreting implied risk-neutral densities
Hördahl, Peter; Vestin, David - 2003
This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...
Persistent link: https://www.econbiz.de/10009635905
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Forecasting Euro area industrial production using (mostly) business surveys data
Bruno, Giancarlo; Lupi, Claudio - Istituto di Studi e Analisi Economica, Rom - 2003
derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy … in France and Germany; as far as Italy is concerned, forecasts are produced using a model that in the recent past proved … business surveys data and to aggregate the nation-wide forecast into the Euro-zone forecast, we propose using an approach based …
Persistent link: https://www.econbiz.de/10011291665
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EBA final draft Regulatory Technical Standards on the treatment of equity exposures under the IRB Approach according to Article 495(3) of Regulation (EU) No 575/2013 (Capital Requi...
European Banking Authority - 2014
Article 495(3) of Regulation (EU) No 575/2013 (Capital Requirements Regulation – CRR) allows competent authorities temporarily to exempt from the internal ratings-based (IRB) treatment certain equity exposures held by institutions as at 31 December 2007. This provision was already included in...
Persistent link: https://www.econbiz.de/10010392291
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does aggregating forecasts by HICP component improve forecast accuracy?
Hubrich, Kirstin - 2003
series models and distinguishes between different forecast horizons, HICP components and inflation measures. Various … indicate that aggregating forecasts by component does not necessarily help forecast year-on-year inflation twelve months …
Persistent link: https://www.econbiz.de/10009635954
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Budgetary forecasts in Europe - the track record of stability and convergence programmes
Strauch, Rolf; Hallerberg, Mark; Hagen, Jürgen von - 2004
that the cyclical position and the form of fiscal governance are major determinants of forecast biases. Projected changes …
Persistent link: https://www.econbiz.de/10009636530
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Modelling inflation in the euro area
Jansen, Eilev S. - 2004
encompasses a general unrestricted model and it forecast encompasses the competitors when tested on 20 quarters of one step ahead …
Persistent link: https://www.econbiz.de/10009636545
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Waste opportunities
Europäische Umweltagentur; European Environment Agency - 2011
Persistent link: https://www.econbiz.de/10009668633
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Business survey data: do they help in forecasting the macro economy?
Hansson, Jesper; Jansson, Per; Löf, Mårten - Konjunkturinstitutet, Stockholm - 2003
This paper examines whether data from business tendency surveys are useful for forecasting the macro economy (GDP, unemployment, price and wage inflation, interest rates, exchange-rate changes etc.) in the short run. The starting point is a so-called dynamic factor model (DFM), which is used...
Persistent link: https://www.econbiz.de/10011291666
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A monthly indicator of the business climate in the french service industry : applications of benchmarking techniques in official statistics
Cornec, Matthieu; Deperraz, Thierry - Institut National de la Statistique et des Etudes … - 2005
Since September 2004, Insee has published the results of its business survey in the services sector on a monthly basis together with a synthetic indicator. This indicator is extracted from both monthly and quarterly balances of opinion derived from the survey. The methodological framework is...
Persistent link: https://www.econbiz.de/10011291667