The COVID-19 pandemic resulted in a more severe labour market crisis in 2020 than that witnessed during the 2009 global financial crisis. As a consequence of lockdown measures, which have been the main cause of damage to labour markets, the deepest impacts in 2020 have been found in...

I propose a deep learning term structure forecasting model by introducing a Nelson-Siegel layer that generates smooth yield curve forecasts while explaining the stylized facts of the term structure of interest rates. It is flexible enough to easily incorporate time-varying or time-invariant...

This paper presents an alternative and simple two-step estimation method for the Nelson-Siegel (NS) yield curve model. It aims to provide smoothed time series of both the decay parameter (λ) and the yield factors. Since the NS model occasionally exhibits some excessive estimates such as jumps...

This paper revisits the relationship between economic growth and employment creation as expressed in Okun’s law by using the latest updated global ILO dataset for new and more detailed estimates. The analysis confirms that there are important variations across regions of the world and income...

Future of work and the Nordic model: lessons and new challenges -- How does technological advancement affect the labour market and the need for skills? -- The Future of Work – how does technological development impact on work and the need for skills? -- How are authorities and industries...

Korean Abstract: 본 연구는 기존의 금융기관 부실예측 모형을 머신러닝 기법으로 전환할 때 필요한 적용 방법론을 체계적으로 정리하고 저축은행을 대상으로 한 실증분석을 통해 대표적인 머신러닝 기법의 예측력 개선 효과를...

This paper revisits the relationship between economic growth and employment creation as expressed in Okun's law by using the latest updated global ILO dataset for new and more detailed estimates. The analysis confirms that there are important variations across regions of the world and income...