The co-authors of this article, M. Nicolas J. Firzli, the Hon. Nick Sherry and Dr. Guan Seng Khoo, are amongst the original coiners of terms such as “infrastructure as a new asset class” , the “SDG driven world economy”, and “building back better”. They were asked to comment on the...

Austria entered the crisis from a strong position. Prudent policies prior to the pandemic provided significant policy space. Several lockdowns helped contain the virus but significantly impaired the economy. Real GDP contracted by 6.3 percent in 2020 and declined further in early 2021. The 2021...

The Polish economy has rebounded strongly, with policy actions limiting the damage from the pandemic-induced recession by supporting employment and avoiding unnecessary bankruptcies. While the pandemic continues to take a toll on lives, the economy has been less impacted by successive waves of...

We study the joint dynamics of macroeconomic variables, bond yields, and the exchange rate in an empirical two-country New-Keynesian model complemented with a no-arbitrage term structure model. With Canadian and US data, we are able to study the impact of macroeconomic shocks from both countries...

Mitte Juni 2008 trafen sich Vertreter der im Forschungs- und Beratungsnetzwerk Euroconstruct zusammengeschlossenen Institute in Rom zu ihrer Sommerkonferenz. Nach ihren Analysen dürfte das europäische Bauvolumen in diesem Jahr zum ersten Mal seit 2002 wieder leicht schrumpfen. Eine Ursache...

Using new data on returns and risk factors the paper considers the stock performance on the Japanese market, which is the second largest in the world and operates under unique macroeconomic conditions. We find that the CAPM model is not an adequate approach for the Japanese market. The Carhart...

Mitte Juni 2008 trafen sich Vertreter der im Forschungs- und Beratungsnetzwerk Euroconstruct zusammengeschlossenen Institute in Rom zu ihrer Sommerkonferenz. Nach ihren Analysen dürfte das europäische Bauvolumen in diesem Jahr zum ersten Mal seit 2002 wieder leicht schrumpfen. Eine Ursache...