Results 11 to 20 of about 15,457 (262)
The role of macroeconomic factors in growth [PDF]
Journal of Monetary Economics, 1993 Abstract Using a regression analog of growth accounting, I present cross-sectional and panel regressions showing that growth is negatively associated with inflation, large budget deficits and distorted foreign exchange markets. Supplementary evidence suggests that the causation runs from macroeconomic policy to growth. The framework makes it possible
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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
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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
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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.
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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
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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
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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
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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
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MACROECONOMIC ENVIRONMENT OF UKRAINE AND DYNAMICS OF ITS DEVELOPMENT IN THE CURRENT REALITIES
Economics & Education, 2023 The purpose of the article is to analyse the key macroeconomic factors that determine the general state and dynamics of the macroeconomic environment of Ukraine in modern realities.
Alina Herasymenko
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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
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