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Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions …, covering the period of January 1991 until March 2014. The information content or informativeness of revision is measured using …
Persistent link: https://www.econbiz.de/10010425751
information about the location-specific pandemic trends from the effects of the government-imposed social distancing mandates …, retail and recreational activities, etc), while information on country-specific counts of COVID-19 cases and deaths is used … as a proxy for the information about the spread of the pandemic available to the population. A detailed index of …
Persistent link: https://www.econbiz.de/10012296287
information including the new global standard of automatic exchange of information. The first section will analyze the state of … problems of confidentiality and privacy arising in the disclosure of information, the exchange of trade secrets and the leak of … information to the press and third parties. Subsequently, the authors explore the possibility to introduce a multilateral …
Persistent link: https://www.econbiz.de/10012934199
additional information on future price behavior and solve a particular predictive mean-field BSDE in an enlarged filtration setup …
Persistent link: https://www.econbiz.de/10012852502
We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty … aggregate information. It allows policy makers to modify existing institutions to achieve more efficient emission reductions …
Persistent link: https://www.econbiz.de/10012438358
Capacity Remuneration Mechanisms (CRM) can be used in power markets to overtake market failures, reaching security of supply. However, investment in capacity is a dynamic process, that depends on the evolution of prices and costs overtime. In our paper we study the capacity remuneration value...
Persistent link: https://www.econbiz.de/10013275843
In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we deploy Bayesian Markov-switching structural vector...
Persistent link: https://www.econbiz.de/10011437769
We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning techniques to news articles. The unsupervised machine learning algorithm used makes it possible to retrieve the individual components of overall EPU endogenously for a wide range of...
Persistent link: https://www.econbiz.de/10012139754
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10011640939
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10012110907