Die Revision in den regionalen Gesamtrechnungen folgte der Revision 2005 auf nationaler Ebene, deren Ergebnisse das Statistische Bundesamt im April letzten Jahres bekannt gab. Ziel dieses Beitrags ist es, einen Überblick zu den wesentlichsten Änderungen der Revision 2005 in der...

Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the...

This paper proposes an approach for estimating the uncertainty associated with model-based macroeconomic forecasts. We argue that estimated forecast intervals should account for the uncertainty arising from selecting the specification of an empirical forecasting model from the sample data. To...

We introduce a high-dimensional structural time series model, where co-movement between the components is due to common factors. A two-step estimation strategy is presented, which is based on principal components in differences in a first step and state space methods in a second step. The...