Showing 1 - 10 of 51
The first official data releases of quarterly real GDP for the euro area are published about eight weeks after the end of the reference quarters. Meanwhile, ongoing economic developments must be assessed from various, more readily available, monthly indicators. We examine in the context of...
Persistent link: https://www.econbiz.de/10009635895
This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...
Persistent link: https://www.econbiz.de/10009635920
Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area inflation can be improved by aggregating forecasts of...
Persistent link: https://www.econbiz.de/10009635954
In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic u0093growth rate of around 3 percent as a realistic prospect for the coming yearsu0094 and assigns public finances an important role in the process of achieving this goal. This paper addresses...
Persistent link: https://www.econbiz.de/10009635955
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...
Persistent link: https://www.econbiz.de/10009635980
In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...
Persistent link: https://www.econbiz.de/10009636544
poverty eradication made by the International Community in the UN Millennium Declaration. They include halving world poverty … levels alike – which is conducive to development and the elimination of poverty.” The developed countries had to ease market …
Persistent link: https://www.econbiz.de/10011998850
Persistent link: https://www.econbiz.de/10012036334
Poverty among Roma remains one of the most pressing issues for Central and Eastern European states as they move toward … nature of Roma poverty-a multifaceted challenge that can only be addressed by a policy approach that attends to all … overnight. Indeed, poverty among Roma communities in some West European countries highlights the scope of the challenge …
Persistent link: https://www.econbiz.de/10009636922
Persistent link: https://www.econbiz.de/10009636979