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. In addition, we show that the KOF Employment Indicator as well as the Employment Indicator of the Federal Statistical …
Persistent link: https://www.econbiz.de/10013098262
-term forecasting of employment in Switzerland aggregated in the KOF Employment Indicator. We use the real time dataset in order to … evaluate the presence of predictive content of the KOF Employment Indicator both for nowcasts that are published two months …. We find that inclusion of the KOF Employment Indicator leads to substantial improvement both in in-sample as well as …
Persistent link: https://www.econbiz.de/10013159918
. In addition, we show that the KOF Employment Indicator as well as the Employment Indicator of the Federal Statistical …
Persistent link: https://www.econbiz.de/10010319710
forecasts in two countries with different administrative territorial divisions and data frequency: Switzerland (26 regions …
Persistent link: https://www.econbiz.de/10013065516
The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of explanatory (economic and financial) variables regarding the...
Persistent link: https://www.econbiz.de/10011312197
forecasts in two countries with different administrative territorial divisions and data frequency: Switzerland (26 regions …
Persistent link: https://www.econbiz.de/10011731365
forecasts in two countries with different administrative territorial divisions and data frequency: Switzerland (26 regions …
Persistent link: https://www.econbiz.de/10014168775
Long-horizon regression tests are widely used in empirical finance, despite evidence of severe size distortions. This paper introduces a new bootstrap method for small-sample inference in long-horizon regressions. A Monte Carlo study shows that this bootstrap test has much smaller size...
Persistent link: https://www.econbiz.de/10014072162
While Switzerland's recent growth of employment was high in historical and international perspective, the reasons for …, forecasters systematically underestimated the growth of domestic employment. Finally, we highlight that immigration was not only a … consequence of the "miracle", but also an important cause, as it created additional jobs in Switzerland by raising local demand …
Persistent link: https://www.econbiz.de/10010438923
regime. In addition, the same methodology is applied to the national housing price index of Switzerland, diagnosing a bubble … in which global imbalances and Switzerland's status as a safe haven seem to be playing a dominant role …
Persistent link: https://www.econbiz.de/10010411858