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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

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

Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model

Dees, Stephane - 2013

This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...

Persistent link: https://www.econbiz.de/10013094653

Boosting and Regional Economic Forecasting : The Case of Germany

Lehmann, Robert; Wohlrabe, Klaus - 2021

This paper applies component-wise boosting to the topic of regional economic forecasting. Component-wise boosting is a … pre-selection algorithm of indicators for forecasting. By using unique quarterly real gross domestic product data for two … economic forecasting. We additionally take a closer look into the algorithm and ask which indicators get selected. All in all …

Persistent link: https://www.econbiz.de/10013315480

Strategic Interactions between Fiscal and Monetary Authorities in a Multi-Country New-Keynesian Model of a Monetary Union

Michalak, Tomasz - 2013

In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....

Persistent link: https://www.econbiz.de/10012753234

The Transmission Mechanism of Credit Support Policies in the Euro Area

Boeckx, Jef - 2017

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have indeed been succesful in stimulating the credit flow of...

Persistent link: https://www.econbiz.de/10012955416

‘Whatever It Takes’ to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects

Afonso, António - 2017

This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. Our results provide evidence of a new bond-pricing regime following the announcement of the Outright...

Persistent link: https://www.econbiz.de/10012943161

Analysis of Monetary Policy and Financial Stability : A New Paradigm

Goodhart, Charles - 2013

This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for a comprehensive assessment of regulatory and monetary policy, as well as welfare analysis in the different sectors of the economy. Due to liquidity and endogenous default, the...

Persistent link: https://www.econbiz.de/10013095226