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Inflation expectations in Spain: The Spanish PwC Survey
Sosvilla-Rivero, Simon; Ramos-Herrera, María del Carmen - Facultad de Ciencias Económicas y Empresariales, … - 2013
rate, our results suggest that the PwC panel has some forecasting ability for time horizons from 3 to 9, improving when it …
Persistent link: https://www.econbiz.de/10010778734
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Can Panel Data Really Improve the Predictability of the Monetary Exchange Rate Model?
Westerlund, Joakim; Basher, Syed A. - Volkswirtschaftliche Fakultät, … - 2006
A common explanation for the inability of the monetary model to beat the random walk in forecasting future exchange …. This paper provides an extensive evaluation of this power argument to the use of panel data in the forecasting context. In … power gains, pooling only the parameters of the forecasting equation, as has been suggested in the previous literature, does …
Persistent link: https://www.econbiz.de/10005789565
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The Generalized Dynamic Factor Model: One-Sided Estimation and Forecasting
Forni, Mario; Hallin, Marc; Lippi, Marco; Reichlin, Lucrezia - C.E.P.R. Discussion Papers - 2002
This Paper proposes a new forecasting method that exploits information from a large panel of time series. The method is …
Persistent link: https://www.econbiz.de/10005661541
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Health care expenditure and income in the OECD reconsidered: Evidence from panel data
Baltagi, Badi H.; Moscone, Francesco - 2010
This paper reconsiders the long-run economic relationship between health care expenditure and income using a panel of 20 OECD countries observed over the period 1971-2004. In particular, the paper studies the non-stationarity and cointegration properties between health care spending and income....
Persistent link: https://www.econbiz.de/10010269764
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Revisiting the Great Ratios Hypothesis
Chudik, Alexander; Pesaran, M. Hashem; Smith, Ron P. - 2022
The idea that certain economic variables are roughly constant in the long-run is an old one. Kaldor described them as stylized facts, whereas Klein and Kosobud labelled them great ratios. While such ratios are widely adopted in theoretical models in economics as conditions for balanced growth,...
Persistent link: https://www.econbiz.de/10013177659
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On the stationarity of per capita carbon dioxide emissions over a century
Christidou, Maria; Panagiotidis, Theodore; Sharma, Abhijit - 2013
This paper examines the stationarity of carbon dioxide (CO2) emissions per capita for a set of 36 countries covering the period 1870-2006. We employ recently developed unit root and stationarity tests that allow for the mean reverting process to be nonlinear and take into account cross sectional...
Persistent link: https://www.econbiz.de/10010500249
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Do households anchor their inflation expectations? : theory and evidence from a household survey
Easaw, Joshy Z.; Golinelli, Roberto; Malgarini, Marco - 2012
The purpose of the present paper is to study how households form inflation expectations. Using a novel survey-base dataset of Italian households' opinions of inflation we investigate two separate, but related, types of behavior: 'inattentiveness' and 'anchoring'. The present analysis extends the...
Persistent link: https://www.econbiz.de/10011734165
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Estimation of Heterogeneous Panels with Structural Breaks
Baltagi, Badi H.; Feng, Qu; Kao, Chihwa - Center for Policy Research, Maxwell School - 2015
This paper extends Pesaran's (2006) work on common correlated effects (CCE) estimators for large heterogeneous panels with a general multifactor error structure by allowing for unknown common structural breaks. Structural breaks due to new policy implementation or major technological shocks, are...
Persistent link: https://www.econbiz.de/10011269091
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ROBUST BOOTSTRAP INFERENCE ON LONG RUN DEPENDENCE USING PANELS
Fuertes, Ana-maria - Society for Computational Economics - SCE - 2003
Persistent link: https://www.econbiz.de/10005345708
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Health Care Expenditure and Income in the OECD Reconsidered: Evidence from Panel Data
Baltagi, Badi H.; Moscone, Francesco - Institute for the Study of Labor (IZA) - 2010
This paper reconsiders the long-run economic relationship between health care expenditure and income using a panel of 20 OECD countries observed over the period 1971-2004. In particular, the paper studies the non-stationarity and cointegration properties between health care spending and income....
Persistent link: https://www.econbiz.de/10008547894