This paper extends the real interest differential (RID) model of Frankel [Am. Econ. Rev. 69
(1979) 610] by introducing Markov regime switches for three exchange rates, over the years …

An examination of the debates on European Central Bank monetary policy, focusing on
issues of transparency, credibility, and accountability and the effect of the ECB's …

It is demonstrated that the conventional monetary model of exchange rates can (irrespective
of the specification, estimation method or the forecasting horizon) outperform the random …

Construction market forecasting has been an important research topic for policy formulation
and implementation as the importance and impact of the industry to an economy is …

Acknowledging the importance of the private construction market and a close linkage
between private construction investment, public sector output and general economic …

The proposition that dynamic exchange rate models can outperform the random walk in out-
of-sample forecasting, in the sense that they produce lower mean square errors, is …

We compare the accuracy of vector autoregressive (VAR), restricted vector autoregressive
(RVAR), Bayesian vector autoregressive (BVAR), vector error correction (VEC) and …

В статье детализированы вопросы прогнозирования инвестиций в основной капитал.
Рассмотрены теоретические аспекты (зарубежный опыт) использования различных …

For the past 30 years international monetary economists have believed that exchange rate
models cannot outperform the random walk in out-of-sample forecasting as a result of the …

I examine equity flows between the US and the euro area and their impact on the euro–
dollar exchange rate. I explain equity flows by examining the behavior of an international …