Results from business tendency surveys are often used to construct leading indicators. The indicators are then, for example, employed to forecast GDP growth. In this article more detailed results of business tendency surveys are used to forecast quarter-on-quarter GDP growth. The target series...

In this paper we develop a small open economy model explaining the joint determination of output, inflation, interest rates, unemployment and the exchange rate in a multi-country framework. Our model – the Halle Economic Projection Model (HEPM) – is closely related to studies recently...

Different studies provide a surprisingly large variety of controversial conclusions about the forecasting power of an indicator, even when it is supposed to forecast the same time series. In this study, we aim to provide a thorough overview of linear forecasting techniques and draw conclusions...

This dissertation addresses two different kinds of agents, professional forecasters and manufacturing firms, and their means of dealing with information in forming expectations. The first two parts evaluate the macroeconomic forecasting performance of component-wise boosting, a variable...