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Sweden - From Macroeconomic Failure to Macroeconomic Success

Calmfors, Lars - 2012

Major economic reforms have been carried through in Sweden during the last two decades. Most of the reforms have been made in response to long-standing rather than to acute problems. There has usually been a strong perception among economists, policy makers and the general public of the problems...

Persistent link: https://www.econbiz.de/10013107351

Macroeconomic Fluctuations in a Stylized DSGE Model with Disequilibrium Dynamics

Van Aarle, Bas - 2012

This study develops a stylised DSGE model, that departs in one aspect: it replaces the general equilibrium approach by disequilibrium economics. In this way, richer macroeconomic adjustment dynamics result, as it is not necessary to assume that goods and labour markets continuously clear. The...

Persistent link: https://www.econbiz.de/10013096548

The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies

Égert, Balázs - 2018

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...

Persistent link: https://www.econbiz.de/10012920765

Forecastability and Statistical Characteristics of Aggregate Oil and Gas Investments on the Norwegian Continental Shelf

Lorentzen, Sindre - 2016

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian …

Persistent link: https://www.econbiz.de/10012979540

The Quantification of Structural Reforms in OECD Countries : A New Framework

Égert, Balázs - 2017

This document describes and discusses a new supply side framework that quantifies the impact of structural reforms on per capita income in OECD countries. It presents the overall macroeconomic impacts of reforms by aggregating over the effects on physical capital, employment and productivity...

Persistent link: https://www.econbiz.de/10012956803

Real-Time State-Space Method for Computing Smoothed Estimates for Future Revisions of U.S. Monthly Chained CPI

Zadrozny, Peter A. - 2016

Well known CPI of urban consumers is never revised. Recently initiated chained CPI is initially released every month (ICPI), for that month without delay within BLS and for the previous month with one month delay to the public. Final estimates of chained CPI (FCPI) are released every February...

Persistent link: https://www.econbiz.de/10012989031

Country-Specific Oil Supply Shocks and the Global Economy : A Counterfactual Analysis

Mohaddes, Kamiar - 2015

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...

Persistent link: https://www.econbiz.de/10013021694

The Effect of Shocks to Labour Market Flows on Unemployment and Participation Rates

Dixon, Robert John - 2014

This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First,...

Persistent link: https://www.econbiz.de/10013051614

Looking into the Black Box of Boosting : The Case of Germany

Lehmann, Robert - 2016

This paper looks into the 'fine print' of boosting for economic forecasting. By using German industrial production for … selected by the boosting algorithm over time and four different forecasting horizons. It turns out that a number of hard … therefore important to forecasting the performance of the German economy. However, there are indicators such as money supply …

Persistent link: https://www.econbiz.de/10012999772

Long Run Macroeconomic Relations in the Global Economy

Dees, Stephane - 2007

This paper focuses on testing long run macroeconomic relations for interest rates, equity, prices and exchange rates suggested by arbitrage in financial and goods markets. It uses the global vector autoregressive (GVAR) model to test for long run restrictions in each country/region conditioning...

Persistent link: https://www.econbiz.de/10012777728