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discusses the result’s implications for users of forecaster surveys and for the literature on information aggregation. …
Persistent link: https://www.econbiz.de/10008646415
) revisits the measurement of global house price inflation and the modeling of the determinants of house price inflation using …
Persistent link: https://www.econbiz.de/10011242366
statistics for sequential testing. We show that, for most types of data generating processes in samples with as low as 50 … time series works well in large samples, but they found substantial deviations in both the size and power of their tests in … smaller samples. We propose modifying their methodology to deal with small samples by using Monte Carlo simulations to …
Persistent link: https://www.econbiz.de/10005264217
The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in …
Persistent link: https://www.econbiz.de/10008876603
This paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing programs are defined as the period of a Stand-By Arrangement or an Extended Fund Facilities program during which a country borrows from the Fund. Since this definition excludes...
Persistent link: https://www.econbiz.de/10005248203
Previous early-warning systems (EWSs) for currency crises have relied on models that require a priori dating of crises. This paper proposes an alternative EWS, based on a Markov-switching model, which identifies and characterizes crisis periods endogenously; this also allows the model to utilize...
Persistent link: https://www.econbiz.de/10005769232
This paper investigates the increasing exposure of European households to risky financial assets and the consequent impact on the economy. I analyze household data for Italy and the United Kingdom, countries that differ dramatically in their financial structure and capital markets. I estimate an...
Persistent link: https://www.econbiz.de/10005599313
levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …
Persistent link: https://www.econbiz.de/10005767368
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
posterior inclusion probabilities for all the relevant regressors, and parameter estimates very close to their true values …
Persistent link: https://www.econbiz.de/10009327870