Many estimates of early-warning-system (EWS) models of currency crisis have reported incorrect standard errors because of serial correlation in the context of panel probit regressions. This paper documents the magnitude of the problem, proposes and tests a solution, and applies it to previously...

The paper attempts to quantify determinants influencing dynamics of employment decisions on agricultural households in Slovenia and to test specific aspects of labour reallocation during transition period by application of agricultural household model. Through the use of 1991-2000 panel data for...

This paper extends the literature on the information content of financial variables with respect to future economic growth. It shows that variables originating from both the equity market and the bond market in Switzerland are useful indicators for forecasting the Swiss business cycle. In...