In light of the recent large swings in stock and housing prices accompanied by ample global liquidity, the role of monetary policy in the build-up of asset price bubbles has been questioned. This paper will contribute to the debate whether central banks can and should stronger "lean against the...

We analyze the relationship between unemployment rate changes and government bond yields during and after the most recent financial crisis across nine industrialized countries. The study is conducted on a weekly basis and we therefore nowcast unemployment data, which are only available once a...

Economic theory predicts that, in a small open economy, the dynamics of the real price of gold should be linked to real interest rates and the rate of change of the real exchange rate. Using data for Australia, we use a real-time forecasting approach to analyze whether real interest rates and...

Popular link functions often fit skewed binary data poorly. We propose the log-Burr link as flexible alternative. The link nests the complementary-log-log and logit link as special cases, determined by a shape parameter which can be estimated from the data. Shrinkage priors are used for the...

Ever since the European Central Bank presented its monetary policy strategy on the basis of two pillars "economic" and "monetary" analysis with the latter being used as a cross-check of the first it has been criticized for giving too much importance to monetary aggregates. Opponents argue these...

This note shows how to derive unconditional moments, cumulants and polyspectra of order higher than two for the pruned state-space of nonlinear DSGE models. Useful Matrix tools and computational aspects are also discussed.

Climate has relevant impacts on human health. According to the World Health Organization (WHO), climate-sensitive health problems kill millions of people every year and undermine the physical and psychological health of millions (WHO, 2012). In the particular case of vector-borne diseases,...

Today's socio-economic development leads to a dilution of the "border" between rural and urban areas, especially if we look at economically developed economies, members of the OECD and/or the most powerful economies in the world united in the G7. Technology and computerization of agriculture and...

Implementation and usage of the latest inventions in information technology provides enterprises better position on the global market. Radio Frequency Identification (RFID) presents the innovative information technology that can change and improve many of the enterprises collaboration operations...

With an increased use of modern ICT methodologies in teaching econometrics, additional research is needed to evaluate their effects on students' learning of econometrics. The purpose of this paper is to empirically investigate how the Internet-based computer laboratory at Ss. Cyril and Methodius...