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. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims …, first, at ranking various forecasting methods in terms of forecast accuracy and, second, at checking whether methods … direct forecasts at the aggregate levels (top-down approaches), the forecast accuracy is neither improved nor deteriorated (i …
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, particularly affected by foreign trade. DIW Berlin’s forecast indicates global economic growth of 3.7 percent for 2019 and 3 … situation in Italy are causing uncertainty. Against this backdrop, monetary policy is likely to be expansionary in the forecast …
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This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy, disaggregated into its fifteen largest national economies. This structural macroeconometric model features extensive linkages between the real and financial sectors, both within...
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both the advanced economies and the emerging and developing economies. With a focus on the forecast for the current and the …
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gathering picking up during the recession period. We also find that forecast revisions depend on both own country and cross …-country lagged revisions. Therefore, one source of information rigidity is not to incorporate overseas events in forecast revisions …
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