Das Themenspektrum der empirischen Wirtschaftsforschung ist breit gefächert. Nicht nur die Wirtschaftstheorie, sondern auch die Ökonometrie und Wirtschaftsstatistik spielen eine zentrale Rolle. Die Festschrift für Professor Ullrich Heilemann versammelt dazu 30 Fachaufsätze anerkannter...

We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock (such as the Covid-19 recession), financial variables...

The Chicago Fed dynamic stochastic general equilibrium (DSGE) model is used for policy analysis and forecasting at the Federal Reserve Bank of Chicago. This guide describes its specification, estimation, dynamic characteristics, and how it is used to forecast the U.S. economy. In many respects...