Football fans worldwide anticipate the 2018 FIFAWorld Cup that will take place in Russia from 14 June to 15 July 2018. 32 of the best teams from 5 confederations compete to determine the new World Champion. Using a consensus model based on quoted odds from 26 bookmakers and betting exchanges a...

For the estimation of structural gravity models using PPML with countrypair, exportertime and importer-time effects it proves useful to exploit the equilibrium restrictions imposed by the system of multilateral resistances. This yields an iterative projection based PPML estimator that is...

Low visibility conditions enforce special procedures that reduce the operational flight capacity at airports. Accurate and probabilistic forecasts of these capacity-reducing lowvisibility procedure (lvp) states help the air traffic management to optimize flight planning and regulation. In this...

We study the revision of survey expectations in response to macroeconomic shocks, which we identify in vector autoregressive models with sign restrictions. We find that survey respondents distinguish between movements along the Phillips curve and shifts of the Phillips curve, depending on the...

We use survey data to study how consumers assess the macroeconomic effects of structural oil market shocks on the U.S. economy using vector autoregressive models. To structurally decompose oil price changes, we impose sign restrictions on impulse responses. We find that the survey respondents'...

A method to predict lightning by postprocessing numerical weather prediction (NWP) output is developed for the region of the European Eastern Alps. Cloud-to-ground-flashes - detected by the ground-based ALDIS network - are counted on the 18x18 km2 grid of the 51-member NWP ensemble of the...