Showing 81 - 90 of 8,214
This paper discusses how the forecast accuracy of a Bayesian vector autoregression(BVAR) is affected by introducing the zero lower bound on the federal funds rate. As abenchmark I adopt a common BVAR specification, including 18 variables, estimatedshrinkage, and no nonlinearity. Then I entertain...
Persistent link: https://www.econbiz.de/10011388143
Empirical assessments of the forecasting power of spatial panel data econometric models are still scarcely available … simulations are obviously useful to evaluate the properties and forecasting power of competing estimators, the empirical set … unemployment data for France, Germany, Italy, Spain and Switzerland. Additionally, we test different forecasting horizons, in order …
Persistent link: https://www.econbiz.de/10011397488
priors entertained for all variables at all forecasting horizons. …
Persistent link: https://www.econbiz.de/10011399901
The basic concept of a reverse mortgage is loan available to homeowners who are 65 years or older that enables them to convert part of the equity in their home into cash. The loan is called a reverse mortgage because the traditional mortgage payback stream is reversed. Instead of making monthly...
Persistent link: https://www.econbiz.de/10011400306
am) and in the evening (5 pm to 7 pm). I propose such searches as a way of forecasting road conditions. The main result …
Persistent link: https://www.econbiz.de/10011401780
am) and in the evening (5 pm to 7 pm). I propose such searches as a way of forecasting road conditions. The main result …
Persistent link: https://www.econbiz.de/10011415186
In this paper we suggest an approach to comparison of models' forecasting performance in unstable environments. Our … tracking how the relative forecasting performance of competing models evolves over time. We illustrate the suggested approach …
Persistent link: https://www.econbiz.de/10011417859
performance in forecasting macroeconomic variables and in matching survey forecasts. Our results indicate a great degree of …. Calibrations to match survey forecasts are found to be lower than those derived according to the forecasting performance …
Persistent link: https://www.econbiz.de/10011417860
information. Finally, when forecasting the headline CPI, our UIG for China outperforms traditional core measures over different …
Persistent link: https://www.econbiz.de/10011420978
This paper revisits the relationships among macroeconomic variables and asset returns. Based on recent developments in econometrics, we categorize competing models of asset returns into different "Equivalence Predictive Power Classes" (EPPC). During the pre-crisis period (1975-2005), some models...
Persistent link: https://www.econbiz.de/10011421468