We introduce a new dynamic clustering method for multivariate panel data char-acterized by time-variation in cluster … current center of their previous cluster as-signment. This links consecutive cross-sections in the panel together … settings. The method is illustrated using a multivariate panel of four accounting ratios for 28 large European insurance firms …

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 …

This paper addresses the estimation of Phillips curve equations for the euro area while employing less stringent …

-level competitiveness in Europe. We differ from standard TFP studies at the firm level as we simultaneously allow for inefficiency, noise …

New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for … the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …

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 …

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