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We forecast average annual GDP growth for 147 countries for 2010–30. We use a cross-country regression model where the … transformation. -- Capabilities ; forecast ; growth …
Persistent link: https://www.econbiz.de/10003996803
Persistent link: https://www.econbiz.de/10009619709
Global trade growth over the past few years has appeared extraordinarily weak, even in relation to weak global GDP growth. This paper shows that the apparent breakdown in the relationship between global trade and global GDP growth is largely explained by two factors: an inappropriate measurement...
Persistent link: https://www.econbiz.de/10011399400
Persistent link: https://www.econbiz.de/10013262971
Using data for the Ukrainian economy, we applied and adapted the growth-at-risk (GaR) framework to examine the association between financial conditions, credit and sectors' activity, and external conditions and the probability distribution of GDP growth in Ukraine. We applied CSA and PCA...
Persistent link: https://www.econbiz.de/10012590331
results suggest that the purchasing managers' index (PMI) is among the best-performing indicators to forecast real GDP growth … improves forecast accuracy and can be an effective way to mitigate the volatility associated with monthly indicators. Overall …
Persistent link: https://www.econbiz.de/10010403330
We evaluate the role of financial conditions as predictors of macroeconomic risk first in the quantile regression framework of Adrian et al. (2019b), which allows for non-linearities, and then in a novel linear semi-structural model as proposed by Hasenzagl et al. (2018). We distinguish between...
Persistent link: https://www.econbiz.de/10012173525
The question of what really drives economic growth in sub-Saharan Africa (SSA) has been debated for many decades now. However, there is still a lack of clarity on variables crucial for driving growth as prior contributions have been executed at the backdrop of preferential selection of...
Persistent link: https://www.econbiz.de/10013380603
The author constructs a measure of core inflation using a structural vector autoregression containing oil-price growth, output growth, and inflation. This macro-foundedʺ measure of inflation forecasts total inflation at least as well as other, atheoretical measures. -- Inflation and prices
Persistent link: https://www.econbiz.de/10003740815
forces of the forecast and hence enables the interpretability of the forecast outcome. -- Contemporaneous aggregation … ; nowcasting ; leading indicators ; MIDAS ; forecast combination ; forecast evaluation … der Prognose nachzuvollziehen und ermöglicht somit die Interpretierbarkeit des Prognoseergebnisses. -- Kontemporäre …
Persistent link: https://www.econbiz.de/10009735835