The effects of the recent economic recession have been widely discussed, particularly at the macro economic level. However, the economic downturn has been pervasive and has also determined a range of economic effects at different territorial levels. It has therefore become necessary to set up...

In this paper article, two strategies based on the econometric approach are proposed in order to improve the forecast accuracy of GDP index in Romania. First, the index is predicted starting from an econometric model that reflects the relationship between the GDP index and the GDP deflator....

This article reviews the literature analysing the importance of infrastructure for economic growth, and performs an econometric estimation to discover the relation between the two variables in the case of Peru. Different estimators are used with panel data from the 24 regions of Peru for the...

Das MOGBOT ist ein ökonometrisches Modell für die Zweige der deutschen Volkswirtschaft nach der Gliederung A*10 der Klassifikation WZ 2008 (ergänzt durch das Verarbeitende Gewerbe, Abschnitt C), die den Daten der Volkswirtschaftlichen Gesamtrechnungen nach der Generalrevision 2011 zugrunde...

A large output gap accompanied by stable inflation close to its target calls for further monetary accommodation, but the zero lower bound on interest rates has robbed the Federal Open Market Committee (FOMC) of the usual tool for its provision. We examine how public statements of FOMC...

Faced with the problem of pricing complex contingent claims, investors seek to make their valuations robust to model uncertainty. We construct a notion of a model-uncertainty-induced utility function and show that model uncertainty increases investors’ effective risk aversion. Using this...