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This paper introduces a new decomposition of euro area headline inflation into core, cyclical, and residual components …. Our new core inflation measure, the structural core inflation rate, is the expected headline inflation, conditional to … forecasting ability for headline inflation and other available core inflation measures routinely used at the ECB for internal or …
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We introduce a methodology for measuring default risk connectedness that is based on an out-of-sample variance decomposition of model forecast errors. The out-of-sample nature of the procedure leads to "realized" measures which, in practice, respond more quickly to crisis occurrences than those...
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Druckerpresse den Patienten am Leben zu halten. Die Folgen: Nullzinsen, immense Staatsverschuldung und eine drohende Inflation … nicht reich. Drei Wirtschaftskrisen machen der Europäischen Union zu schaffen: - die Finanzkrise, die 2007 und 2008 ausbrach …, - die Eurokrise, die durch die Finanzkrise erst entstand, und - die Coronakrise seit 2020. Zur Überwindung dieser …
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