In this paper we compare the in-sample fit and out-of-sample forecasting performance of no-arbitrage quadratic and essentially affine term structure models, as well as the dynamic Nelson-Siegel model. In total eleven model variants are evaluated, comprising five quadratic, four affine and two...

Besides some basic methodology and definitions, the guidelines provide practical rules, strategies and hints to lead the practitioner in the initial phase of survey planning and reporting, in the selection of the best sampling method and type of allocation, in the determination of the sample...

This paper analyses the degree of inflation persistence in the EU15, the euro area and each of its member states using disaggregate price indices from the Harmonised Index of Consumer Prices. Our results reveal substantial heterogeneity across countries and indices. The overall results, based on...

In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...

Recently, EU Commission adopted a decision to fund a Technical Cooperation Facility for OCTs in order to improve their capacities to formulate and implement key territorial policies. Improvement in statistical capacities appeared with a high rank. Indeed, OCTs have noticed several gaps in their...

This report provides an overview of the methods and results of the TRENDS (Transport and Environment Database System) project. The aim of this project was to produce a range of transparent, consistent and comparable indicators of the environmental pressure caused by transport. Results cover the...

The document describes the evolution of intra-EU current account asymmetries. Some experimental results obtained using a modelling approach to derive asymmetry-free European aggregates are presented. The results are not usable at the national (Member State) level and they will not eliminate...

The analysis of the business cycle for the entire European Union and the Monetary Union for the purpose of economic and monetary policy needs European-wide aggregated statistics. Europe has generally chosen to obtain such European aggregates by combining national statistics. european-wide single...