This paper analyses the forecasting performance of monetary policy reaction functions using U.S. Federal Reserve's Greenbook real-time data. The results indicate that articial neural networks are able to predict the nominal interest rate better than linear and nonlinear Taylor rule models as...

The case study of United States shows that global economic processes significantly influence the location of manufacturing. Analysis of multidimensional data covering 1860-2010 shows several stylized facts. Intensity of U.S. involvement in global economy by set of indicators is characterized by...