Showing 1 - 10 of 14,199
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
state-level initial unemployment insurance claims, changes in the unemployment rate, and changes in private employment. The …
Persistent link: https://www.econbiz.de/10012842419
Die große Wirtschaftskrise hat bisher nur verhaltene Spuren am Arbeitsmarkt hinterlassen. Angesichts der unsicheren … erwarten viele Beobachter zum Herbst einen dramatischen Anstieg der Arbeitslosigkeit mit einer baldigen Überschreitung der Vier … den Sommermonaten August und September aller Voraussicht nach völlig ruhig. Saisonal bedingt geht die Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10003874816
In this paper we evaluate whether the accuracy of Finnish unemployment rate forecasts can be improved by utilising the … information in the flows into and out of unemployment. We compare and contrast different methodologies for constructing the flows …
Persistent link: https://www.econbiz.de/10014574000
unemployment, and interest rate smoothing. The estimates closely track major movements along with important time-series properties … benchmark model that does not account for changes in trend inflation and trend unemployment. …
Persistent link: https://www.econbiz.de/10011326550
In this paper, we extend the Taylor rule model of exchange rate determination by incorporating the liquidity yield on government bonds and investigate exchange rate predictability. We find that the liquidity yield on government bonds delivers additional predictive power to future exchange rate...
Persistent link: https://www.econbiz.de/10012837259
The Taylor rule has become the dominant model for academic evaluation of out-of-sample exchange rate predictability. Two versions of the Taylor rule model are the Taylor rule fundamentals model, where the variables that enter the Taylor rule are used to forecast exchange rate changes, and the...
Persistent link: https://www.econbiz.de/10012904307
This paper shows that there are two regularities in foreign exchange markets in advanced countries with flexible regimes. First, real exchange rates are mean-reverting, as implied by the Purchasing Power Parity model. Second, the adjustment takes place via nominal exchange rates. These features...
Persistent link: https://www.econbiz.de/10012918409
unemployment, and interest rate smoothing. Compared to the existing literature, our model simultaneously provides estimates of the … unemployment. More precisely, the proposed approach improves upon competing models in tracking the actual evolution of the real …
Persistent link: https://www.econbiz.de/10012118184
In this work the precision and stability of the forecasts of Chile's unemployment rates are analyzed. Said models were … the signs of persistence that the unemployment indicator shows in its behavior; nevertheless, starting from the estimation … obtained, which empirically upholds the proposal of addressing the unemployment rate as a non stationary series. The evaluation …
Persistent link: https://www.econbiz.de/10013103283