Showing 1 - 10 of 149
A 2008-ban kitört pénzügyi válság ráirányította a figyelmet a mainstream makroökonómiára, amely a válság elõrejelzésében és magyarázatában rossz teljesítményt nyújtott. Az újklasszikus és az újkeynesi iskola közötti konszenzus eredményeként létrejött DSGE-modellek...
Persistent link: https://www.econbiz.de/10008611432
In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB. We find that maximal insurance across this model range in terms of a Minimax policy comes at moderate...
Persistent link: https://www.econbiz.de/10005345043
Boltszintû árstatisztikai felírások alapján a tanulmány a magyarországi inflációs folyamatok és árazási magatartás jellemzõinek regionális hasonlóságait és eltéréseit vizsgálja. Fõ tanulsága, hogy a hivatalos NUTS-II régiók nem képeznek önálló gazdasági egységeket,...
Persistent link: https://www.econbiz.de/10008578169
In our dynamic optimizing sticky price model, agents are heterogenous with regard to their assets and their income. Unanticipated inflation redistributes income and wealth. In order to model the wealth distribution, we study a 60-period OLG model with aggregate uncertainty. A positive technology...
Persistent link: https://www.econbiz.de/10005345083
forecasts and foreseeing structural changes". It presents a comprehensive overview of labour market forecasting activities … is to provide ideas, lessons and benchmarks for similar forecasting exercises in Hungary. After outlining the basic model … of quantitative labour market forecasting the paper identifies the technical conditions of model building and model …
Persistent link: https://www.econbiz.de/10010494517
. We take their model and compare it with several other specifications to test forecasting fit. The main conclusions of … of this latter are easier to interpret. Quasi-autoregressive models do not improve forecasting fit as much as expected. …
Persistent link: https://www.econbiz.de/10010494708
The study presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on … and benchmarks for similar forecasting exercises in Hungary. After outlining the basic model of quantitative labour market … forecasting the paper identifies the technical conditions of model building and model quantification, as well as the …
Persistent link: https://www.econbiz.de/10010494734
expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and … exporters act on expectations based models in the formation of prices. …
Persistent link: https://www.econbiz.de/10004980930
It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This study makes an attempt to quantify the budgetary and macroeconomic effects of different ways of widening the formal sector (whitening”) with the help of a model. It turns out...
Persistent link: https://www.econbiz.de/10010494381
It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This study makes an attempt to quantify the budgetary and macroeconomic effects of different ways of widening the formal sector (whiteningʺ) with the help of a model. It turns out...
Persistent link: https://www.econbiz.de/10003755325