While macroeconomic variables have been used extensively to forecast the U.S. equity risk premium and build models to explain it, relatively little attention has been paid to the technical stock market indicators widely employed by practitioners. Our paper fills this gap by studying the forecasting ability of a variety of technical indicators in comparison to that of a number of well-known macr...

In this paper we evaluate the relative performance of linear, non-linear and time-varying models for about 500 macroeconomic variables for the countries in the Euro area, using a real-time forecasting methodology. It turns out that linear models work well for about 35% of the series under analysis, time-varying models for another 35% and non-linear models for the remaining 30% of the series. Th...

A decade ago, a national conference of macroeconomic educators called for fundamental reform in the teaching of intermediate macroeconomics, urging instructors to employ a single analytic framework rather than ‘responding to the fragmentation of macroeconomics by teaching a separate model for each school of thought’ (Erekson, Raynold and Salemi, 1996; Salemi and Siegfried, 1999). This paper des...

The purpose of this study is to determine the impact capital structure, profitability, and gross domestic product on firm value food beverage companies listed Indonesia Stock Exchange (BEI) from 2015 2021. Thirty-three comprised total population research; after selecting samples using sampling techniques, thirteen were obtained for use as in study. Multiple linear regression analysis with panel...

This study aims to examine the movement of macroeconomic variables, especially inflation and exchange rates. Inflation affects rate through Law One Price Purchasing Power Parity, while Exchange Rate Pass-Through Effect. also effect other factors on The variables studied suspected influencing are interest rates, money supply, exports, imports, government spending, unemployment, While difference ...

This paper presents an integrated approach to wage and employment determination combining microeconomic evidence with macroeconomic theory. More specifically, we first develop an efficiency wage model with labor turnover and show that the worker’s decision problem gives rise to a quit-rate function. We then use microeconomic data to estimate this quit-rate function and to test the specification...

models aim to generate precisely that distribution, often through simulation, so that a bank may, among other things, set the level of capital it needs to hold to withstand losses to a certain degree of confidence, i.e. a tail region in the loss distribution. Most credit portfolio models link the portfolio loss distribution to states of the world; they differ in how specifically they are linked...