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Does Banque de France control inflation and unemployment?

Kitov, Ivan; KItov, Oleg - Volkswirtschaftliche Fakultät, … - 2013

We re-estimate statistical properties and predictive power of a set of Phillips curves, which are expressed as linear and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several relationships were estimated eight years ago. The change...

Persistent link: https://www.econbiz.de/10011109998

Business Valuation: Modelling Forecasting Hurdle Rate

Nangia, Vinay Kumar; Agrawal, Rajat; Reddy, K. Srinivasa - Volkswirtschaftliche Fakultät, … - 2011

Corporate Finance that is NRR Approach 1.0. The methodology is divided into five phases, modeling forecasting hurdle rate …

Persistent link: https://www.econbiz.de/10011110076

Inflation, unemployment, and labour force. Phillips curves and long-term projections for Austria

Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2013

inflation prediction, as described by the root-mean-square (forecasting) error is by 20% to 70% better than that estimated by AR …(1) model. The estimates of model forecasting error are available for those time series where the change in labour force … forecasting, which in turn, is not worse than any other forecasting model. The level of statistical reliability and the predictive …

Persistent link: https://www.econbiz.de/10011110150

Global Environmental Emissions Estimate: Application of Multiple Imputation

Miyama, Eriko; Managi, Shunsuke - Volkswirtschaftliche Fakultät, … - 2014

A new database called the World Resource Table (WRT) is constructed in this study. Missing values are known to produce complications when constructing global databases. This study provides a solution for applying multiple imputation techniques and estimates the global environmental Kuznets curve...

Persistent link: https://www.econbiz.de/10011110585

Achieving an adequate balance between the level of complexity, objectivity and comparability which is required within the capital framework: credit ratings and the Standardized App...

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2014

Credit ratings have assumed an increasingly formidable and important role over the years. An increased role and revisions to its foundations, have been triggered, not only in view of the shortcomings of credit ratings based criteria, as revealed through the recent Financial Crisis, but also the...

Persistent link: https://www.econbiz.de/10011111545

Changing central bank transparency in Central and Eastern Europe during the financial crisis

Csávás, Csaba; Erhart, Szilárd; Naszódi, Anna; … - Volkswirtschaftliche Fakultät, … - 2012

There is ample empirical evidence in the literature for the positive effect of central bank transparency on the economy. The main channel is that transparency reduces the uncertainty regarding future monetary policy and thereby it helps agents to make better investment, and saving decisions. In...

Persistent link: https://www.econbiz.de/10011111698

Large time-varying parameter VARs

Koop, Gary; Korobilis, Dimitris - Volkswirtschaftliche Fakultät, … - 2012

In this paper we develop methods for estimation and forecasting in large time-varying parameter vector autoregressive … application involving forecasting inflation, real output, and interest rates demonstrates the feasibility and usefulness of our …

Persistent link: https://www.econbiz.de/10011112017

Green-to-Grey China: Determinants and Forecasts of its Green Growth

You, Jing; Huang, Yongfu - Volkswirtschaftliche Fakultät, … - 2013

This paper investigates the determinants China’s green growth and its pathways in the future. We use the OECD conceptual framework for green growth to measure green growth rates for 30 provinces over the period 1998-2011. By estimating a spatial dynamic panel model at provincial level, we find...

Persistent link: https://www.econbiz.de/10011114017

Methodological mistakes and econometric consequences

Zaman, Asad - Volkswirtschaftliche Fakultät, … - 2012

Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which...

Persistent link: https://www.econbiz.de/10011114177

Exchange Rate Determination and Forecasting: Can the Microstructure Approach Rescue Us from the Exchange Rate Disparity?

Zhang, Guangfeng; Zhang, Qiong; Majeed, Muhammad Tariq - Volkswirtschaftliche Fakultät, … - 2013

Using two measures of private information and high-frequency transaction data from the leading interdealer electronic broking system Reuters D2000-2, we examine the association between exchange rate return and contemporaneous order flow and the predictability power of lagged order flow on the...

Persistent link: https://www.econbiz.de/10011114525