Results 11 to 20 of about 15,598 (261)
Identification of Macroeconomic Factors in Large Panels [PDF]
SSRN Electronic Journal, 2009 This paper presents a dynamic factor model where theextracted factors and shocks are given a clear economic interpretation. Theeconomic interpretation of the \emph{factors} is obtained by means of a setof over-identifying loading restrictions, while the structural \emph{shocks}are estimated following standard practices in the SVAR literature.Estimators
Bork, Lasse +2 more
openaire +5 more sources
Macroeconomic factors and equity premium predictability [PDF]
International Review of Economics & Finance, 2017 Neely et al. (2014) have recently demonstrated how to efficiently combine information from a set of popular technical indicators together with the standard Goyal and Welch (2008) predictor variables widely used in the equity premium forecasting literature to improve out-of-sample forecasts of the equity premium using a small number of principal ...
Daniel Buncic, Martin Tischhauser
openaire +1 more source
On the Selection of Common Factors for Macroeconomic Forecasting [PDF]
SSRN Electronic Journal, 2015 We address the problem of selecting the common factors that are relevant for forecasting macroeconomic variables. In economic forecasting using diffusion indexes the factors are ordered, according to their importance, in terms of relative variability, and are the same for each variable to predict, i.e.
Giovannelli A., Proietti T.
openaire +3 more sources
Total factor productivity and macroeconomic instability [PDF]
The Journal of International Trade & Economic Development, 2011 Total factor productivity (TFP) is an important component of growth for most countries. This paper assesses the role of macroeconomic instability on TFP growth. Authors consider volatility in inflation, openness of an economy and financial market deepness as measures of macroeconomic instability.
Berument, Hakan +2 more
openaire +4 more sources
Macroeconomic effect and risk-taking behavior in a dual banking system
Economic Journal of Emerging Markets, 2018 This study aims to analyze the relationship between macroeconomic factors and risk-taking behavior in a dual banking system. Adopting a panel cointegration approach, this research posits macroeconomic factors as exogenous variables and risk-taking ...
Faaza Fakhrunnas +2 more
doaj +3 more sources
Fiscal decentralization and macroeconomic stability: the experience of Ukraine’s economy [PDF]
Problems and Perspectives in Management, 2018 The main objective of this research is to study the role and impact of fiscal decentralization on the macroeconomic stability of the country. The paper analyzes and systematizes approaches to the definition of ‘macroeconomic stability’ concept.
Leonid Melnyk +4 more
doaj +1 more source
Investigating Determinants of Banking Leverage in Selected Iranian Banks [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2021 The purpose of this study is to investigate the effect of intra-organizational and macro factors affecting banking leverage in selected Iranian banks in the presence of heterogeneous slope coefficients and cross-sectional dependence of residuals.
Alireza Ahadifar +3 more
doaj +1 more source
Business, Management and Economics Engineering, 2023 Purpose – the main goal of the paper is to examine the role of macroeconomic factors in promoting the technological development of upper-middle-income countries.
Sadik Aden Dirir
doaj +1 more source
Dimensions of Macroeconomic Uncertainty: A Common Factor Analysis [PDF]
SSRN Electronic Journal, 2014 Uncertainty about the future course of the economy is a potential driver of aggregate fluctuations. To identify the distinct dimensions of uncertainty in the macroeconomy, we construct a large dataset covering all types of economic uncertainty. We then identify two fundamental factors that account for the common dynamics in this dataset.
Steffen Henzel, Malte Rengel
openaire +6 more sources
Macroeconomic Factors and Equity Returns in Borsa Istanbul [PDF]
SSRN Electronic Journal, 2014 This paper investigates equity return exposure to various macroeconomic factors and the performance of factor betas in predicting the cross-sectional variation in stock returns. We utilize a two-step procedure to directly test the implications of the Arbitrage Pricing Theory.
Atılgan, Yiğit +2 more
openaire +2 more sources