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In this paper we study international linkages when forecasting unemployment rates in a sample of 24 OECD economies. We … propose a Global Unemployment Factor (GUF) and test its predictive ability considering in-sample and out-of-sample exercises … information to predict domestic unemployment rates, at least for these last seven countries …
Persistent link: https://www.econbiz.de/10012845239
This paper studies the predictability of long-term unemployment (LTU) and analyzes its main determinants using rich … unemployed. Applying our prediction algorithm over the unemployment spell, we show that dynamic selection into LTU explains at …. Finally, we evaluate the implications of our findings for the value of targeting unemployment policies and how these change …
Persistent link: https://www.econbiz.de/10014257170
successfully utilized for macroeconomic predictions. Specifically, we study unemployment rates and their interconnection with job …-related searches. We show that Google searches enhance nowcasting models of unemployment rates for the Czech Republic and Hungary …
Persistent link: https://www.econbiz.de/10010499586
unemployment flows to forecast the unemployment rate. We pay particular attention to flows-based approaches - the more reduced … unemployment flows are useful in forecasting the unemployment rate. We find that any approach that considers unemployment inflow …. Its usefulness is amplified at specific points in the business cycle when the unemployment rate is away from the longer …
Persistent link: https://www.econbiz.de/10010484066
unemployment flows to forecast the unemployment rate. We pay particular attention to flows-based approaches — the more reduced … unemployment flows is useful in forecasting the unemployment rate. We find that any approach that leverages unemployment inflow and … usefulness is amplified at specific points in the business cycle when unemployment rate is away from the longer-run natural rate …
Persistent link: https://www.econbiz.de/10013027931
unemployment flows to forecast the unemployment rate. We pay particular attention to flows-based approaches – the more reduced … unemployment flows are useful in forecasting the unemployment rate. We find that any approach that considers unemployment inflow …. Its usefulness is amplified at specific points in the business cycle when the unemployment rate is away from the longer …
Persistent link: https://www.econbiz.de/10013025364
predict unemployment in Spain. We include a new predictor for Spanish unemployment based on internet information provided by … queries and unemployment. Besides that, the inclusion of internet activity enhances model's prediction performance …
Persistent link: https://www.econbiz.de/10012868954
monetary policy. It covers several major macro-economic quantities, including unemployment rate, GDP, and weekly payrolls in … natural rate of unemployment and GDP growth comes out of the model naturally. An optimization framework is proposed to … first-order analytic solution is derived. We find that FED's interest rate policy has leaned heavily on the unemployment …
Persistent link: https://www.econbiz.de/10012866359
. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and …
Persistent link: https://www.econbiz.de/10014203572
. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and …
Persistent link: https://www.econbiz.de/10014204438