A modified dynamic model averaging framework, which allows for inferences regarding the shifting relevance and significance of explanatory variables, is employed to evaluate the in-sample performance of exchange rate models. This analysis is based on a set of 16,384 model specifications derived...

We analyse the accuracy of an econometric model for nowcasting GDP growth in a true real-time setting. The analysis is based on a unique sample of nowcasts that were produced in real time and stored. Our results support the use of econometric models for nowcasting because the accuracy of these...

Youth unemployment has remained one of the major social and economic problems facing many African countries despite persistent efforts by governments and other stakeholders to mitigate the problem. We deployed a two-parameter beta geospatial model within a distributional regression framework...

We present alternative methods for calculating and interpreting the influence of exogenous shocks on historical episodes within the context of DSGE models. We show analytically why different methods for calculating shock decompositions can generate conflicting interpretations of the same...

The rapid evolution of digital transformation necessitates a comprehensive understanding of national digital readiness. The Network Readiness Index (NRI) serves as a key benchmark for assessing a country's preparedness to leverage digital technologies for economic and societal development. This...

Business cycles are often regarded as aggregate phenomena. However, against the backdrop of rapid structural transformation in Chinese economy, they are also influenced by cyclical changes in various sectors and the evolution of the economic network structure. From the perspective of production...

Estimates of the area- and household idiosyncratic error distributions from household income and consumption regression models across 142 household surveys from 16 different countries, the type of models that underpin poverty maps, points to significant deviations from normality. Accounting for...