Empirical evidence concerning the reasons for differences in unemployment dynamics within the group of OECD countries is far from being conclusive. Using a sample of 20 OECD countries over the period 1985-2011, we analyse the impact of business cycles and labour market institutions on total...

Predictions of asset returns and volatilities are heavily discussed and analyzed in the finance research literature. In this paper, we compare linear and nonlinear predictions for stock- and bond index returns and their covariance matrix. We show in-sample and out-of-sample prediction accuracy...