As part of the Eurosystem’s annual banknote production planning, the national central banks draw up forecasts estimating the volumes of national-issued banknotes in circulation for the three years ahead. As at the end of 2021, more than 80 per cent of euro banknotes in circulation (cumulated...

This paper examines whether the predictability of securitized real estate returns differs from that of stock returns. It also provides a cross-country comparison of securitized real estate return predictability. In contrast to most of the literature on this issue, the analysis is not based on a...

This paper examines whether the predictability of securitized real estate returns differs from that of stock returns. It also provides a cross-country comparison of securitized real estate return predictability. In conrtast to most of the literature on this issue, the analysis is not based on a...

This paper addresses the notion that many fractional I(d) processes may fall into the "empty box" category, as discussed in Granger (1999). We present ex ante forecasting evidence based on an updated version of the absolute returns series examined by Ding, Granger and Engle (1993) that suggests...

The novel Coronavirus disease (COVID-19) is a severe respiratory infection that officially occurred in Wuhan, China, in December 2019. In late February, the disease began to spread quickly across the world, causing serious health, social, and economic emergencies. This paper aims to forecast the...

Having forecast of real estate sales done correctly is very important for balancing supply and demand in the housing market. However, it is very difficult for housing companies or real estate professionals to determine how many houses they will sell next year. Although this does not mean that a...

Even with the presence of numerous institutional players in the market, there exist a noticeable number of cash group shares which are hardly transacted. To sustain the growth of investors in the market, there is need for assuring easy and quick liquidity to the securities. To serve the same...

We propose exible models for multivariate realized volatility dynamics which involve generalizations of the Box-Cox transform to the matrix case. The matrix Box-Cox model of realized covariances (MBC-RCov) is based on transformations of the covariance matrix eigenvalues, while for the Box-Cox...

Using the Box-Jenkins approach to forecast inflation in the small open economy, we find that ARIMA can partly show dynamics of the country's CPI. Remarkably, the index in the present month suffers much the inertia of the previous month's and corrects substantially compared to that of 3 months ago

Inflation is defined as an increase in the general price level of goods and services within a period of time. For any economic agent to formulate policy, it must taken into consideration inflation and the aim of this study is to use ARIMA model to predict inflation in Ghana. In order to fulfill...