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Persistent link: https://www.econbiz.de/10009692574
The authors analyze 149 newly compiled monthly time series on financial market stress conditions in the euro area. With the aid of a factor model they find different sources of financial stress which are important for selecting and preparing the appropriate policy response. The existence of a...
Persistent link: https://www.econbiz.de/10011478512
The authors analyse 149 newly compiled monthly time series on financial market stress conditions in the euro area. With the aid of a factor model they find different sources of financial stress that are important for selecting and preparing the appropriate policy response. The existence of a...
Persistent link: https://www.econbiz.de/10011629421
Hours worked is a time series of interest in many empirical investigations of the macroeconomy. Estimates of macro elasticities of labour supply, for example, build on this variable. Other empirical applications investigate the response of hours worked to a shock to technology on the basis of...
Persistent link: https://www.econbiz.de/10003314703
Persistent link: https://www.econbiz.de/10003848002
Persistent link: https://www.econbiz.de/10003432026
The focus of this paper is the evaluation of a very popular method for potential output estimation and medium-term forecasting the production function approachin terms of predictive performance. For this purpose, a forecast evaluation for the three to five years ahead predictions of GDP growth...
Persistent link: https://www.econbiz.de/10003582516
Persistent link: https://www.econbiz.de/10003273116
The aim of this paper is to construct an indicator of potential growth for developed countries using the insights of the theoretical and empirical growth literature. The Pooled Mean Group Estimator of Pesaran, Shin and Smith (1999) that employs a panel data technique is used. This estimator is...
Persistent link: https://www.econbiz.de/10002590847
The aim of this paper is to construct an indicator of potential growth for developed countries using the insights of the theoretical and empirical growth literature. The Pooled Mean Group Estimator of Pesaran, Shin and Smith (1999) that employs a panel data technique is used. This estimator is...
Persistent link: https://www.econbiz.de/10010297400