inconsistent with classical utility theory. Similarly, we find that the hedonic value that a swimming pool and that central air add …

evidence that the forecast of the Markov model are superior at predicting the direction of change of the exchange rate …

forecasting the course of the U. S.economy (mostly economists, analysts, and executives from the world of corporate business and …

generated: 1) from time series of past inflation rates;2) by forecasting real rates from time series of past real rates and …

unemployment rate Phillips curve, which is examined in a simulated out of sample forecasting framework. Inflation forecasts …

forecast. In a stylized data generating process, we show that such forecasts can be effective even if there is essentially no … rates against 17 OECD countries. We forecast using factors, and using factors combined with any of fundamentals suggested by … improve on the forecast of a "no change" benchmark in the late (1999-2007) but not early (1987-1998) parts of our sample …