Das vorliegende Buch beinhaltet sämtliche Beiträge der 23. CIRET-Konferenz, die 1997 in Helsinki sattfand. Schwerpunkte waren dabei der internationale Wettbewerb, der Dienstleistungssektor, die Erhebung und Verwendung von Umfragedaten sowie Finazindikatoren. Besondere Bedeutung haben dabei die...

The empirical literature on nominal exchange rates shows that the current exchange rate is often a better predictor of future exchange rates than a linear combination of macroeconomic fundamentals. This result is behind the famous Meese-Rogoff puzzle. In this paper we evaluate whether parameter...

We look at how large international datasets can improve forecasts of national activity. We use the case of New Zealand, an archetypal small open economy. We apply data-richʺ factor and shrinkage methods to tackle the problem of efficiently handling hundreds of predictor data series from many...