an application to the estimation of panel data models with an infinite number of weak factors and a finite number of …

impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … structural funds for an extended time horizon and examine the robustness of our results by comparing different dynamic panel …

effect panel regressions linking such density characteristics and density forecast performance. Our empirical results suggest …

We propose a dynamic factor model for mixed-measurement and mixed-frequency panel data. In this framework time series … obtained by means of simulation, thus enabling straightforward parameter estimation by standard maximum likelihood. We use the …

the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are … volatile inflation, the Phillips curve is steeper than in the euro area countries. This finding is consistent with economic …

We introduce a new dynamic clustering method for multivariate panel data char-acterized by time-variation in cluster … (flickering), we extend standard cross-sectional clustering techniques with a penalty that shrinks observations towards the … current center of their previous cluster as-signment. This links consecutive cross-sections in the panel together …

-mean autoregressive model can be used to describe characteristic features in inflation series. This implies that we decompose the … inflation process into a slowly moving nonstationary component and dynamic short-run fluctuations around it. An important … quantity to be forecast. This makes it possible to form a single model-based inflation forecast that also incorporates the …

that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …

Under inflation targeting inflation exhibits negative serial correlation in the United Kingdom, and little or no …, inflation appears to be (nearly) purely forward-looking, so that no mechanism introducing backward-looking components is … necessary to fit the data. These results question the notion that the intrinsic inflation persistence found in post-WWII U …