We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as...

ILO pub. Working paper on the indirect impact of multinational enterprises on employment in developing countries - considers the theoretical framework of mne's indirect repercussions on the economy of a host country, analyses effects of national income, improved competitiveness of counterpart...

This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...

"The rest of the paper is organized as follows. The next section uses times series techniques to identify the impact of NAFTA on the income gap between Mexico and the United States. To deal with the big-events little- time problem, we apply two time series methods. First, we follow Harvey in...

"We revisit the puzzling finding that labour market performance appears to deteriorate, as suggested by negative time trends in empirical matching functions. We investigate whether these trends simply arise from omitted variable bias. Concretely, we consider the omission of job seekers beyond...

"We revisit the puzzling finding that labour market performance appears to deteriorate, as suggested by negative time trends in empirical matching functions. We investigate whether these trends simply arise from omitted variable bias. Concretely, we consider the omission of job seekers beyond...