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How costly is it to ignore breaks when forecasting the direction of a time series?
Timmermann, Allan
;
Pesaran, M. Hashem
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2003
Empirical evidence suggests that many macroeconomic and financial time series are subject to occasional structural breaks. In this paper we present analytical results quantifying the effects of such breaks on the correlation between the forecast and the realization and on the ability to forecast...
Persistent link: https://www.econbiz.de/10011506213
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The transitional dynamics of fiscal policy in small open economies
Heijdra, Ben J.
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contributor
); …
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2006
Persistent link: https://www.econbiz.de/10003364735
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Macroeconomic modeling when agents are imperfectly informed
De Grauwe, Paul
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contributor
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2008
Persistent link: https://www.econbiz.de/10003712532
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Pricing group membership
Bandyopadhyay, Siddhartha
;
Cabrales, Antonio
-
2020
what conditions is top-down sorting socially efficient. We illustrate when
integration
(i.e. mixing types so that each …
Persistent link: https://www.econbiz.de/10012263382
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