We introduce a high-dimensional structural time series model, where co-movement between the components is due to common factors. A two-step estimation strategy is presented, which is based on principal components in differences in a first step and state space methods in a second step. The...

The article deals with the treatment of the government in the new version of the European System of Accounts (ESA 1995). lt shows the sectorization, the definition of government revenues and expenditures, and the recording of government transactions in the generation, distribution and use of...