Rossi, Barbara.
Predicting exchange rates is still an inexact science. Economic models perform poorly, and a plethora of alternative methods have been attempted. This column guides the reader through the state of the art, reviewing various predictors, models, and data specifications. Despite a large and divergent literature chasing this holy grail, the toughest benchmark remains the random walk without drift.
Πηγή: Voxeu
Richard Baldwin Service value chains are expanding faster than industrial ones, yet their geography is strikingly different: a US-centred star rather than regional blocs. This
Victoria Ivashina This paper provides an introduction to the modern private debt market and examines its rapid expansion following the 2007–2009 global financial crisis. Traditionally,
Διαβάζω συχνά πως τα αθροιστικά αποτελέσματα της ΤΝ –παραγωγικότητα, απασχόληση– δεν είναι, ακόμη, διαγνώσιμα ή, πως οι μικροοικονομικές εκτιμήσεις και οι προβολές των τελευταίων είναι,
