Green shoots and double dips in the Euro area. A real time measure

Camacho, M., Pérez Quirós, G., y Poncela, P. 2014, International Journal of Forecasting 30: 520-535. Abstract: In order to perform real-time business cycle inferences and forecasts of GDP growth rates in the euro area, we use an extension of the Markov-switching dynamic factor models that accounts for the features of the day-to-day monitoring of economic developments,…

The Euro-Sting revisited: the usefulness of financial indicators to obtain euro area GDP

Camacho, M., y Garcia Serrador, A., 2014, The Euro-Sting revisited: the usefulness of financial indicators to obtain euro area GDP. Journal of Forecasting 33: 186-197.

Output gap and non-linear convergence

Beyaert, A., García-Solanes, J., Journal of Policy Modelling, 36, 1, 2014, pp. 121-135. Abstract: We apply unit root tests in a multivariate TAR model with bootstrapping simulations to assess the influence of short-run economic conditions on long-run economic convergence and to extract economic policy implications. We use two different groups of countries whose members share important…

On Lorenz Dominance And The Dutta-Ray Algorithm

A new rule for source connection problems