In the official models for projections and policy analysis used by the Treasury and the Social Security and Medicare Trustees, many key variables are assumed as a continuation of past trends. Even the Congressional Budget Office (CBO), with more sophisticated models, makes certain simplifying...

Energy inflation is a major source of headline inflation volatility and forecast errors, therefore it is critical to model it accurately. This paper introduces a novel suite of Bayesian VAR models for euro area HICP energy inflation, which adopts a granular, bottom-up approach - disaggregating...

This paper addresses a critical gap in migration literature by quantifying the opportunity cost of labour emigration for countries of origin within the European Union, using Greece and Poland as case studies from 2004 to 2019. Despite the growing policy and academic interest in the effects of...

Purpose: Although talent management is widely applied across various business sectors, the comprehensive literature focusing on talent management within the context of migration flows remains limited. This paper addresses this gap by conducting an extensive review of the studies published...

Scientific research in digital transformation is expanding in scope, quantity, and relevance, bringing forth diverse perspectives on which factors and specific dimensions - such as organizational structure, culture, and technological readiness - affect the success of digital transformation...

The chapter has two folds as it is written to highlight the impact of Fin-Tech on Islamic Banking and vice versa. However, the main concern is the impact of FinTech on Islamic Banks in Pakistan. The reason to select the area of Islamic banking is the growing field and relating it with FinTech is...

As the Draghi report shows, Europe needs to undergo a fundamental transformation in order to escape its 'mid-technology trap'. Mainstream economic theory offers little guidance on how to achieve this. A critical review of neoclassical growth theory shows that in these models, growth and...

A popular approach to perform inference on a target parameter in the presence of nuisance parameters is to construct estimating equations that are orthogonal to the nuisance parameters, in the sense that their expected first derivative is zero. Such first-order orthogonalization may, however,...

Idén lesz a második világháború végének 80. évfordulója. Az ünneplés feltehetően elmarad. A világháborút túlélt nemzedékek távozásával a tanulságok is egyre inkább feledésbe merülnek. A háború borzalmaira válaszként létrehozott globális világrend, amelynek...

I show that in linear rational expectation models, the effect of a monetary tightening can be simulated using contemporaneous and anticipated monetary policy shocks that replicate the forward curves observed during the period of interest, normalized with the forward curve observed in the quarter...