Results 51 to 60 of about 52,136 (244)
Oil Exports and the Iranian Economy [PDF]
, 2009 This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact.
Esfahani, Hadi Salehi +2 more
core +4 more sources
Term Spread Volatility as a Leading Indicator of Economic Activity
Journal of Forecasting, EarlyView.ABSTRACT In this paper, we examine the macroeconomic predictive power of the volatility of the US Treasury yield curve slope (term spread volatility). Our forecasting exercise shows that US term spread volatility has significant predictive power for US industrial production and employment growth.
Anastasios Megaritis +3 more
wiley +1 more source
Energy Consumption and Financial Development in NAFTA Countries, 1971–2015
Applied Sciences, 2019 To satisfy human needs and desires, it is necessary to produce goods and services that require the use of some production factors, such as labor, capital, and energy, among others.
Mario Gómez, José Carlos Rodríguez
doaj +1 more source
Factor demand linkages, technology shocks, and the business cycle [PDF]
, 2012 This paper argues that factor demand linkages can be important for the transmission of both sectoral and aggregate shocks. We show this using a panel of highly disaggregated manufacturing sectors together with sectoral structural VARs.
Blanchard O. +10 more
core +1 more source
Journal of Forecasting, EarlyView.ABSTRACT Most studies on inflation forecasts have studied behavioral biases, informational frictions, or external shocks in isolation, without considering how these factors jointly drive deviations from rational expectations. We therefore adopt an integrated framework that simultaneously estimates the behavioral, informational, and external ...
Belen Chocobar, Peter Claeys
wiley +1 more source
Identifying asymmetric, multi-period Euler equations estimated by non-linear IV/GMM [PDF]
, 2004 In this article, the identification of instrumental variables and generalized method of moment (GMM) estimators with multi-period perceptions is discussed.
Hunter, J, Ioannidis, C
core +1 more source
Evaluating Forecasts at Multiple Horizons: An Extension of the Diebold–Mariano Approach
Journal of Forecasting, EarlyView.ABSTRACT Forecast accuracy tests are fundamental tools for comparing competing predictive models. The widely used Diebold–Mariano (DM) test assesses whether differences in forecast errors are statistically significant. However, its standard form is limited to pairwise comparisons at a single forecast horizon.
Andrew Grant +2 more
wiley +1 more source
Employment growth, inflation and output growth: Was phillips right? Evidence from a dynamic panel [PDF]
, 2011 Copyright @ 2011 Brunel UniversityIn this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips’ tradition.
Caporale, GM, Skare, M
core +3 more sources
On the Comovement of Contango and Backwardation Across Futures Commodity Markets
Journal of Futures Markets, EarlyView.ABSTRACT We examine the time‐varying nature of the comovement of the slope of the futures curve in major agricultural, metals and energy commodity futures markets in a Global Vector Autoregressive model. We find significant comovement between the slopes, indicating the co‐existence of backwardation and contango in many seemingly unrelated commodity ...
Angelo Luisi +2 more
wiley +1 more source
Estimation and Inference in Short Panel Vector Autoregressions with Unit Roots and Cointegration [PDF]
This paper considers estimation and inference in panel vector autoregressions (PVARs) with fixed effects when the time dimension of the panel is finite, and the cross-sectional dimension is large.
Binder, M., Hsaio, C., Pesaran, M.H.
core