In this paper we analyze the macroeconomic forecasts of the Consensus Forecasts for 12 countries over the period from 1996 to 2006 regarding bias and information efficiency. A pooled approach is employed which…

• Economic Expectations Diminish Drastically
• Eurozone: ECB Expected to Take a Wait-and-See Stance
• USA: Noticeable Majority Forecasts Interest-Rate Cut
• Japan: Economic Expectations Revised Downward
• Great Britain: First…

This paper compares collective and unitary models on the basis of simulated collective data with income taxation. We distinguish the cases of individual and joint taxation. Estimating a flexible unitary model,…

• Improved Prospects for Economic Activity in Central and Eastern European Countries
• Czech Republic, Poland, and Slovakia: Good Economic Situations, Mixed Expectations
• Croatia, Hungary, and Romania: Mixed Economic…

Getrübte Stimmung: ZEW-IDI geht zurück

Die konjunkturelle Lage bei den Dienstleistern der Informationsgesellschaft hat sich im dritten Quartal 2007 verschlechtert. Der ZEW-IDI sinkt im Vergleich zum zweiten…