3 Dec Marco Maria Sorge: Indeterminacy, Misspecification and Forecastability: Good Luck in Bad Policy? (MUES seminar) Marco Maria Sorge at IDEAS Abstract: A recent debate in the forecasting literature revolves around the inability of macroeconometric models to improve on simple univariate predictors, since the onset of... from 1:00 PM
4 Dec Andreas Bergh: Explaining the labor market gaps between immigrants and natives in the OECD (MUES seminar) Andreas Bergh at IDEAS In most OECD-countries, immigrants have lower employment and higher unemployment than natives. On average, the gap in labor market outcomes is larger in countries with more immigrant... from 1:00 PM
10 Dec Jana Závacká: Endogenous Economic Cycles: An Agent-based Model Of Consumers’ Confidence (MUES seminar) Abstract: The main goal of this paper is to present consumers’ confidence as an important source of cyclical economic activity. We use a simplified agent-based model with a single production sector and... from 12:00 PM
10 Dec Anca Covrigová: „Naše-vaše integrace“ aneb jak to vidí Češi (MUES seminar) Jedna z nejčastějších definic integrace (včetně integrace menšinových skupin do majoritní společnosti) vychází z konceptu oboustranného procesu. Jinými slovy, má-li být integrace úspěšná, je třeba, aby... from 2:35 PM
11 Dec Jaroslav Bil: Rocket and Feather Effect in Retail Gasoline Market : Evidence from the Czech Republic (MUES seminar) This study investigate price adjustement in retail gasoline market in Czech Republic. Using weekly aggregated panel data of 1285 gas stations over years 2008-2013 error-corection model is estimated to... from 11:30 AM
17 Dec Peter Molnár: Google searches and stock returns (MUES seminar) We investigate whether Google searches can be used to forecast stock returns. We find that short-term (daily and weekly) increase in search activity leads to negative excess stock returns with subsequent... from 2:00 PM