Unternehmen stehen bei der Entwicklung neuer Produkte bzw. Dienstleistungen immer wieder vor der Frage, ob diese von den Konsumenten angenommen werden. Insbesondere der Erfolg von technologischen Innovationen ist nur schwer zu prognostizieren. Jörg Königstorfer betrachtet den...

The focus of this paper is on nowcasting and forecasting quarterly private consumption. The selection of real-time, monthly indicators focuses on standard (“hard”/“soft” indicators) and less-standard variables. Among the latter group we analyze: i) proxy indicators of economic and policy...

VAT rates have changed multiple times and to a relatively great extent in Hungary during the past years. We use the resulting price changes in estimating the price- and income-elasticity of households’ expenditures. As a novelty, we introduce an interaction term in estimating the demand system...