This paper tests the existence of a Beveridge Curve across the economies of nineteen OECD countries from 1980 to 2007, investigating the impact of technological progress and globalisation on the unemployment-vacancies trade-off. We find largely favourable evidence for the existence of a OECD...

In evaluating prediction models, many researchers flank comparative ex-ante prediction experiments by significance tests on accuracy improvement, such as the Diebold-Mariano test. We argue that basing the choice of prediction models on such significance tests is problematic, as this practice may...