Showing 1 - 10 of 89
Persistent link: https://www.econbiz.de/10005502919
This paper provides an answer to the question of how to improve the forecasting performance of a macro model to better account for economic developments and how to evaluate the forecasting uncertainty. The main tool in this assessment is stochastic simulation. Stochastic simulations in this...
Persistent link: https://www.econbiz.de/10005423708
This paper deals with the debt-growth relationship using several time-series tools. The idea is to find out whether the inverse relationship between these variable can be detected without imposing any functional forms for the estimating relationship and whether the relationship does indeed...
Persistent link: https://www.econbiz.de/10010784666
This paper contains a description of a small quarterly forecasting model for the Finnish economy. We evaluate the forecasting properties of the model by means of stochastic simulation involving both the endogenous and exogenous variables of the model. The simulations allow us to identify and...
Persistent link: https://www.econbiz.de/10005207144
The paper investigates the relationship between relative price movements and changes in the aggregate price level using monthly data on Finland’s Consumer Price Index and its components from the period covering the past eight and a half years. This was a period of very low inflation. The rate...
Persistent link: https://www.econbiz.de/10005412660
The paper investigates the relationship between relative price movements and changes in the aggregate price level using monthly data on Finland’s Consumer Price Index and its components from the period covering the past eight and a half years. This was a period of very low inflation. The rate...
Persistent link: https://www.econbiz.de/10005648879
Cyclically adjusted government budget balances have become increasingly popular as a means of analysing the fiscal situation and changes in policy that result from the intentional actions of the government. As the actual budget balances are affected both by cyclical factors ('automatic...
Persistent link: https://www.econbiz.de/10005648885
This paper focuses on the relationship between higher wages and capital intensity. The relationship itself is by no means a novel finding but we try to provide a meaningful theoretical explanation for the relationship and empirical evidence on its exact nature. Our explanation is the outcome of...
Persistent link: https://www.econbiz.de/10005537246
We construct a simple exchange economy overlapping generations model in which there are along with a public social security various private insurance schemes to explore fertility and the effects of various variables on it. In the private system parents can invest in children and benefit from...
Persistent link: https://www.econbiz.de/10005537249
Persistent link: https://www.econbiz.de/10005478311