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We study the forecasting performance of three alternative large scale approaches for German key macroeconomic variables …
Persistent link: https://www.econbiz.de/10010489849
In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...
Persistent link: https://www.econbiz.de/10010482584
The use of large datasets for macroeconomic forecasting has received a great deal of interest recently. Boosting is one … forecasting a wide range of macroeconomic variables. Moreover, we analyse to what extent its forecasting accuracy depends on the …
Persistent link: https://www.econbiz.de/10010491104
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inländischen Geldmenge orientierten Geldpolitik der Schweizerischen Nationalbank beeinflußt werden. -- Der Aufsatz von P. Bofinger …
Persistent link: https://www.econbiz.de/10013542959
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While there has been some debate over the usefulness of monetary aggregates, there has been surprisingly little discussion of the actual implications for liquidity. In this paper, we provide an approximation of the liquidity development in six Euro area countries from 2003 to 2012. We show that...
Persistent link: https://www.econbiz.de/10010339318
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This paper analyses the importance of German wage moderation in the context of European imbalances. Using information from a New Keynesian small open economy model with labor market frictions, we derive sign restrictions for a wage markup shock. This information enables us to identify a German...
Persistent link: https://www.econbiz.de/10010344636