This paper addresses a general problem with surveys asking agents for their assessment of the state of the economy: answers are highly dependent on information that is publicly available, while only information that is not already publicly known has the potential to improve a professional...

In this paper, we assess the accuracy of macroeconomic forecasts at the regional level using a unique data set at quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden-Württemberg) and Eastern Germany. We overcome the problem of a...

We explore the consequences of losing confidence in the price-stability objective of central banks by quantifying the inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint, we show that an inflation bias as well as a...

We use a novel anchoring-measure based on the distribution across professional forecasters' point forecasts to test empirically whether target formulations matter for the anchoring of long-term inflation expectations. In a panel of 29 countries, we find that the formulation of a point target...

In order to aspire to join the EU that the Republic of Moldova (currently a candidate country) has, the main economic conditions it must satisfy are the existence of a functional market economy, as well as the ability to face competitive pressure and market forces in within the European Union....

The authors (Langvinienė, 2014; Prentice, 2020; Grasso & Sergi, B.S. Eds., 2021) claim that over the past few decades, tourism has continuously expanded and strived to become one of the largest and fastest growing economic sectors in the world. Tourism is primarily a vital industry for the social and...

In theory and practice, there comes to increase in focus to digitalization in agriculture, as well as about the rational use of available natural resources, primarily land, water and energy. The use of renewables, such is solar energy, can be done in various purposes, for example for energy...