The issue of forecast aggregation is to determine whether it is better to forecast a series directly or instead construct forecasts of its components and then sum these component forecasts. Notwithstanding some underlying theoretical results, it is generally accepted that forecast aggregation is an empirical issue. Empirical results in the ...Download Now
Despite the importance of understanding and estimating the "Stickiness" of prices of goods and services, empirical assessment of price setting behaviour by firms has remained relatively limited. This is the first paper to provide detailed information on the pressures, manner and frequency with which Irish firms adjust their output prices. ...Download Now
In this paper the authors avail of new data in studies of financial capability conducted separately in the United Kingdom and Ireland to model the determinants of individuals' attitudes to risk. These risk attitudes are explored explicitly in the context of savings and investments and are modeled on the basis ...Download Now
This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests that external labor market conditions ...Download Now
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