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Global Inflation Forecasting : Benefits from Machine Learning Methods
Medeiros, Marcelo C.; Montes Schütte, Erik Christian; … - 2022
This paper considers inflation forecasting for a vast panel of countries. We combine the information from common … factors driving global inflation as well as country-specific inflation in order to build a set of different models. We also …
Persistent link: https://www.econbiz.de/10014081711
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Why are Inflation Forecasts Sticky? Theory and Application to France and Germany
Bec, Frederique - 2017
revisions implied by this model are then tested using inflation forecast updates of professional forecasters from recent …
Persistent link: https://www.econbiz.de/10012941880
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What’s Behind Firms’ Inflation Forecasts?
Conflitti, Cristina - 2019
How do firms form expectations about future inflation? We investigate this issue by exploiting the Survey of Inflation … of the wage setting process in Italy allows us to assess the reaction of inflation expectations to exogenous variation in … the cost of labour borne by firms. We find that firms' inflation expectations are significantly affected by contractual …
Persistent link: https://www.econbiz.de/10012865596
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Interpretation of cointegration coefficients : a paradox, a solution and empirical evidence
Müller-Kademann, Christian (contributor) - 2003 - [Elektronische Ressource]
The concept of cointegration (see e.g., Engle and Granger, 1987; Johansen, 1988) has extensively been used to model equilibrium relationships (see e.g., Johansen and Juselius, 1990; Ericsson, 1998). The links between economic and econometric concepts are now well understood and they have become part of...
Persistent link: https://www.econbiz.de/10001883242
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Does the financial market believe in the Phillips Curve? - Evidence from the G7 countries
Fendel, Ralf (contributor); Lis, Eliza M. (contributor);  … - 2008
This paper uses monthly survey data for the G7 countries for the time period 1989 - 2007 to explore the link between expectations on nominal wages, prices and unemployment rate as suggested by the traditional and Samuelson-and-Solow-type Phillips curve. Three major findings stand out: First, we...
Persistent link: https://www.econbiz.de/10003735112
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Housing Price Dynamics in Time and Space : Predictability, Liquidity and Investor Returns
Hwang, Min - 2010
It is widely accepted that aggregate housing prices are predictable, but that excess returns to investors are precluded by the transactions costs of buying and selling property. We examine this issue using a unique data set - all private condominium transactions in Singapore during an...
Persistent link: https://www.econbiz.de/10013147981
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Chapter 29 Empirical Models of Entry and Market Structure
Berry, Steven; Reiss, Peter - In: Handbook of industrial organization : volume 3, (pp. 1845-1886). 2007
This chapter surveys empirical models of market structure. We pay particular attention to equilibrium models that interpret cross-sectional variation in the number of firms or firm turnover rates. We begin by discussing what economists can in principle learn from models with homogeneous...
Persistent link: https://www.econbiz.de/10014024587
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Strategic Freedom, Constraint, and Symmetry in One-Period Markets with Cash and Credit Payment
Shubik, Martin; Smith, Eric - 2003
In order to explain in a systematic way why certain combinations of market, financial, and legal structures may be intrinsic to certain capabilities to exchange real goods, we introduce criteria for abstracting the qualitative functions of markets. The criteria involve the number of strategic...
Persistent link: https://www.econbiz.de/10014082962
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Structure, Clearinghouses and Symmetry
Shubik, Martin; Smith, Eric - 2003
We introduce and justify a taxonomy for the structure of markets and minimal institutions which appear in constructing minimally complex trading structures to perform the functions of price formation, settlement and payments. Each structure is presented as a playable strategic market game and is...
Persistent link: https://www.econbiz.de/10014082965
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Beliefs, payoffs, information : on the robustness of the BDP property in models with endogenous beliefs
Gizatulina, Alia; Hellwig, Martin - 2012 - First version: December 1, 2008, This version: March 23, 2012
Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs, full surplus extraction is only possible if agents’ beliefs about other agents are fully informative about their own payoff parameters. They argue that the set of...
Persistent link: https://www.econbiz.de/10010230371