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The "Gemeinschaftsdiagnose" [Joint Diagnosis (JD)] is the most influential semi-annual mac-roeconomic forecast in … Germany. Jointly produced by up to six institutes, its accuracy as well as the large number of involved participants is often … forecasts to influence the JD forecast? Results show that there is no strong evidence of bias or inefficiency of the institutes …
Persistent link: https://www.econbiz.de/10010420838
The “Gemeinschaftsdiagnose” [Joint Diagnosis (JD)] is the most influential semi-annual mac-roeconomic forecast in … Germany. Jointly produced by up to six institutes, its accuracy as well as the large number of involved participants is often … forecasts to influence the JD forecast? Results show that there is no strong evidence of bias or inefficiency of the institutes …
Persistent link: https://www.econbiz.de/10008476224
main contribution is that we model the Euro area countries separately. In this version we consider Germany and France … zunächst drei Länder modelliert, nämlich die USA und aus dem Euro-Währungsgebiet Deutschland und Frankreich, die zusammen etwa … Zeitpunkten werden präsentiert und diskutiert. -- Mehrländermodell ; Prognose ; Bayesianische Ökonometrie …
Persistent link: https://www.econbiz.de/10003950731
Based on German business cycle forecast reports covering 10 German institutions for the period 1993-2017, the paper …
Persistent link: https://www.econbiz.de/10012293448
In this paper, we examine the predictive ability of automatic and expert-rated media sentiment indicators for German inflation. We find that sentiment indicators are competitive in providing inflation forecasts against a large set of common macroeconomic and financial predictors. Sophisticated...
Persistent link: https://www.econbiz.de/10011644446
quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden …-Württemberg) and Eastern Germany. We overcome the problem of a "data-poor environment" at the sub-national level by including more than …. Our results show that we can significantly increase forecast accuracy compared to an autoregressive benchmark model, both …
Persistent link: https://www.econbiz.de/10011685344
The Eurosystem staff forecasts are conditional on the financial markets, the global economy and fiscal policy outlook, and include expert judgement. We develop a multi-country BVAR for the four largest countries of the euro area and we show that it provides accurate conditional forecasts of...
Persistent link: https://www.econbiz.de/10011975386
In this paper, I apply univariate and vector autoregressive (VAR) models to forecast inflation in Vietnam. To … forecast accuracy for the candidate models and benchmarks, using rolling window and expanding window forecasting evaluation … forecasting models from among the different candidates. I find that VAR_m2 is the best monthly model to forecast inflation in …
Persistent link: https://www.econbiz.de/10011606109
bank's own interest rate expectations. From a theoretical point of view, the latter should yield the highest forecast …
Persistent link: https://www.econbiz.de/10010337208
Recent research has found that macroeconomic survey forecasts of uncertainty exhibit several deficiencies, such as horizon-dependent biases and lower accuracy than simple unconditional uncertainty forecasts. We examine the inflation uncertainty forecasts from the Bank of England, the Banco...
Persistent link: https://www.econbiz.de/10011962843