This paper discusses the forecasting performance of alternative factor models based on a large panel of quarterly time series for the german economy. One model extracts factors by static principals components analysis, the other is based on dynamic principal components obtained using frequency...

"Made in Germany '21" gibt Antwort auf die heftig geführte Diskussion über die Zukunftsfähigkeit unseres Landes. Renommierte deutsche und internationale Autoren aus Politik, Wirtschaft und Wissenschaft - Jutta Allmendinger, Goesta Esping-Andersen, Peter Glotz, Jürgen Kluge, Fritz Kuhn, Erkki...

This paper discusses the forecasting performance of alternative factor models based on a large panel of quarterly time series for the German economy. One model extracts factors by static principal components analysis; the second model is based on dynamic principal components obtained using...

We examine rationality, forecasting accuracy, and economic value of the survey-based exchange rate forecasts for 10 developed and 23 developing countries at the 3-, 12-, and 24-month horizons. Using the data from two surveys for the period from 2004 to 2012, we find strong evidence that the...