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The paper illustrates based on an example the importance of consistency between the empirical measurement and the concept of variables in estimated macroeconomic models. Since standard New Keynesian models do not account for demographic trends and sectoral shifts, the authors proposes adjusting...
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This paper illustrates the importance of consistency between the empirical measurement and the concept of variables in macroeconomic models. Since standard New Keynesian models do not account for demographic trends and sectoral shifts, I propose adjusting hours per capita used to estimate such...
Persistent link: https://www.econbiz.de/10011704809
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This paper studies the evolution of long-run output and labour productivity growth rates in the G-7 countries during the post-war period. We estimate the growth rates consistent with a constant unemployment rate using time-varying parameter models that incorporate both stochastic volatility and...
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This brief introduces district-level GDP and GDP per capita estimates for Uganda’s 116 districts1 utilizing a method based on models using imagery of nighttime lights and agricultural data. Several approaches for estimating grid-level GDP were tested. After comparing model outputs across...
Persistent link: https://www.econbiz.de/10013307889
The article is devoted to estimating the uncertainty parameters of Russian GDP on history, that arises as a result of revisions and refinements of data over time. A brief review of the reasons for the revisions allows us to form an understanding of their necessity and importance. For analysis,...
Persistent link: https://www.econbiz.de/10014356151