This work contains three papers employing common factor methodologies to economic forecasting for Estonia. The methods employed are State-space modelling with Kalman filtering, static principal components and dynamic principal components. The last paper also investigates Inflation dynamics and...

We propose the relaxation algorithm as a simple and powerful method for simulating the transition process in growth models. This method has a number of important advantages: First, it can easily deal with a wide range of dynamic systems including stiff differential equations and systems giving...

This book contributes to the literature on the determinants of macro volatility. It starts with a theoretical examination using a stochastic model of endogenous growth and fluctuations. In this setup, an analytical measure of macro volatility based on cyclical components is derived. The measure...

The concept of trade openness is broadly applied as a potential predictor in numerous empirical studies, despite the fact that no commonly accepted approach of measuring openness has been developed. The most widely applied (‘traditional’) openness indices are not able to accurately calculate...

Financial market developments have become increasingly important to the overall economic development in virtually all countries in the world over the past three decades or so. The arti-cles collected in this Thesis constitute an attempt to explore this ‘financialisation hypothesis’ from a...

The objective of this evaluation is to assess the extent to which budget support has contributed to achieving its expected results by helping the Government of Ghana (GoG) to strengthen the implementation of its national and sectoral strategies. The study covers all operations with disbursements...

In dieser Arbeit werden mittels eines Strukturellen Multivariaten Fehlerkorrekturmodells die Beziehungen zwischen den zwei stark integrierten asymmetrischen Volkswirtschaften Österreich und Deutschland untersucht. Im ersten Teil werden, auf Basis des dynamisch optimalen Verhaltens von...

Diese Arbeit analysiert den Zusammenhang zwischen dem Spezialisierungsgrad einer Ökonomie und dem Level des Pro-Kopf-Einkommens, und prüft insbesondere die Hypothese eines U-förmigen Zusammenhanges zwischen diesen Größen. In der betreffenden Literatur werden theoretische Argumente und...