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A forecast comparison of volatility models: does anything beat a GARCH(1,1)? ...
We compare 330 ARCH-type models in terms of their ability to describe the conditional variance. The models are compared out-of-sample using DM?$ exchange rate data and IBM... -
Coaching, Counseling, Case‐Working: Do They Help the Older Unemployed Out of ...
Intensified counseling, job search assistance and related policies have been found to be effective for labor market integration of the unemployed by a large number of studies,... -
Thoughts on a Fiscal Union in EMU
Using an estimated large-scale New-Keynesian model, we assess the consequences of introducing a fiscal union within EMU. We differentiate between three different scenarios:... -
Worker Personality: Another Skill Bias beyond Education in the Digital Age
We present empirical evidence suggesting that technological progress in the digital age will be biased not only with respect to skills acquired through education but...
