In this paper we assess the information content of seven widely cited early indicators for the euro area with respect to forecasting area-wide industrial production. To this end, we use various tests that are designed to compare competing forecast models. In addition to the standard...

We compare sparse and dense representations of predictive models in macroeconomics, microeconomics, and finance. To deal with a large number of possible predictors, we specify a prior that allows for both variable selection and shrinkage. The posterior distribution does not typically concentrate...

The book builds on an important emergent body of discussion which questions, both empirically and theoretically, the conventional neoclassical doctrine that economies are more efficient if the state withdraws from it. It develops a “space-time” approach to state theory as a way of explaining...

Chapter 1. Introduction: Revisiting State theory in Knowledge Capitalism after markets failure and pandemic crisis through a space – time approach -- Chapter 2. The socio – space – time relativity of the State -- Chapter 3. Long – term cyclicality of capitalism as State time dimension --...