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forecast data from the SPF, CBO, Federal Reserve, and asset prices. Unanticipated fiscal stimulus and interest rate shocks we …
Persistent link: https://www.econbiz.de/10015059043
Assessing the current state of the economy and forecast the economic outlook in the next few quarters are important … inputs for policymakers. This paper presents a suite of models with an integrated approach to forecast Cambodia’s economy in …-frequency indicators to construct quarterly nowcasting model. Second, we forecast current economic activities using a high-frequency data …
Persistent link: https://www.econbiz.de/10015080247
method can reproduce the smoothness of professional forecasts subject to various constraints and slightly improve forecast …
Persistent link: https://www.econbiz.de/10015058568
to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace …
Persistent link: https://www.econbiz.de/10015059620
We analyze the corporate green bond market under a rational framework without an innate green preference, using a …, false or exaggerated claims of being green. The extent of greenwashing in the market is a function of the green bond premium …. A swift and gradual implementation of carbon pricing generates a small green bond premium and a low level of …
Persistent link: https://www.econbiz.de/10015059920
In traditional bond markets, sovereign bonds provide benchmarks and serve as catalysts for the corporate bond market … development. Contrary to the usual sequence of bond market development, sovereign issuers are latecomers to sustainable bond … markets. Yet, our empirical study finds that sovereign green bond issuance can have quantitative and qualitative benefits for …
Persistent link: https://www.econbiz.de/10015080326
Economies (EMDEs). This paper investigates the role of fiscal policies in determining domestic bond yields, and how this … deficits results in a persistent increase in 10-year domestic bond yield by around 36 basis points over 2.5 years, with larger … effects observed during the COVID-19 pandemic. This contrasts with external bond spreads which are more sensitive to external …
Persistent link: https://www.econbiz.de/10015411343
We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information...
Persistent link: https://www.econbiz.de/10009679674
Using a large cross-country dataset covering over 150 countries and more than 10 macroeconomic variables, this study examines the consistency of IMF World Economic Outlook (WEO) forecasts with the full information rational expectations (FIRE) hypothesis. Similar to Consensus Economics forecasts,...
Persistent link: https://www.econbiz.de/10015328073
The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area … shocks to financial variables influence real activity. However, according to out-of-sample forecast exercises usin …
Persistent link: https://www.econbiz.de/10012677494