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Turmoil in euro area once more forces EU authorities to rethink future of further monetary integration. One of the most commonly used criterions for successful monetary in contemporary research is business cycle synchronization (BCS). Though BCS has been vastly described at country level, not as...
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Die spürbare Dämpfung der Konjunktur in den Vereinigten Staaten infolge der Immobilienmarktkrise dürfte bis ins Jahr … Konjunktur aufgrund der starken Entwicklung während des vergangenen Sommerhalbjahres wahrscheinlich weniger in Mitleidenschaft …
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The Great Recession and the subsequent period of subdued GDP growth in most advanced economies have highlighted the … our model, the US economy is now back to a low-volatility environment after an interruption during the Great Recession … Recession and continued thereafter. These two extensions of the standard MS-DFM framework are supported by information criteria …
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relatively mild recessions when the Great Recession of 2008/2009 is included in the sample. Adding a third state helps to clearly …. In a real-time exercise the model detects recessions timely. Combining the estimated factor and the recession … prediction of the timing of the Great Recession and its recovery one quarter in advance. …
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