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information criteria. Then one-step ahead forecasts have been generated. It was found, that the ARs generate the best forecasts at …
Persistent link: https://www.econbiz.de/10011345414
information criteria. Then one-step ahead forecasts have been generated. It was found, that the ARs generate the best forecasts at …
Persistent link: https://www.econbiz.de/10011347054
information criteria. Then one-step ahead forecasts have been generated. It was found, that the ARs generate the best forecasts at …
Persistent link: https://www.econbiz.de/10010294037
information criteria. Then one-step ahead forecasts have been generated. It was found, that the ARs generate the best forecasts at …
Persistent link: https://www.econbiz.de/10005764162
from an aggregation of country-specific forecasts. Factor models in particular prove rather accurate, where the factors …
Persistent link: https://www.econbiz.de/10011604928
forecasts (bottom-up approaches). Overall, all methods perform better than a simple benchmark for short horizons (up to three … out-perform bottom-up ones for real variables, but not for prices. Finally, when country-specific forecasts are adjusted … to match direct forecasts at the aggregate levels (top-down approaches), the forecast accuracy is neither improved nor …
Persistent link: https://www.econbiz.de/10011605105
A basic assumption of the gravity equation of international trade is that increasing trade costs lower exports. Butintuition and theory imply that a high export volume lowers bilateral trade costs as well, because a fixed cost intensivetrade sector probably bears lower average costs with more...
Persistent link: https://www.econbiz.de/10003941170
The paper proposes a modelling approach for euro area goods and services trade volumes and prices on the basis of a break-down of trade data into their intra- and extra-area components. Using the evidence from the newly estimated trade equations, the paper gives new insights into two important...
Persistent link: https://www.econbiz.de/10013317054
A basic assumption of the gravity equation of international trade is that increasing trade costs lower exports. But intuition and theory imply that a high export volume lowers bilateral trade costs as well, because a fixed cost intensive trade sector probably bears lower average costs with more...
Persistent link: https://www.econbiz.de/10014198178
variables, model it using a dynamic factor model, and compare the resulting forecasts with those from a set of standard time …, the factor-based forecasts are shown to improve upon standard benchmarks for prices, real aggregates, and financial …
Persistent link: https://www.econbiz.de/10005661430