Macroeconomic Forecasting and Insights

A special issue of Economies (ISSN 2227-7099). This special issue belongs to the section "Macroeconomics, Monetary Economics, and Financial Markets".

Deadline for manuscript submissions: closed (20 July 2023) | Viewed by 3926

Special Issue Editor


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Guest Editor
Department of Business Administration, Athens University of Economics and Bussiness, Athens, Greece
Interests: financial crises and contagion; time series analysis; quantitative easing; forecasting; macroeconomic analysis; econometrics

Special Issue Information

Dear Colleagues,

The last five years are characterized by the launch of great uncertainty in all aspects of human activity (see, COVID-19 pandemic & Ukrainian War). Particularly, the crucial area of ​​macroeconomic forecasts (mainly GDP and/or its components), has faced significant difficulties concerning its accuracy. Due to the rapid social changes, the quarterly frequency macroeconomic variables do not contain the most recent information, which will quite possibly result in large final deviations from realized values. The purpose of this special issue will be to examine the role of financial variables - or other high frequency data- in macroeconomic forecasting, especially during periods of intense volatility. Overall, all topics related to Macroeconomic forecasting during volatile times are welcome.

Papers selected for this Special Issue were subject to a rigorous peer review procedure with the aim of rapid and wide dissemination of research results, developments and applications.

Prof. Dr. Dimitrios Dimitriou
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • macroeconomic forecasting using financial variables
  • financial forecasting
  • COVID-19 pandemic
  • time series analysis
  • econometrics

Published Papers (2 papers)

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Research

21 pages, 4114 KiB  
Article
A Wavelet Investigation of Periodic Long Swings in the Economy: The Original Data of Kondratieff and Some Important Series of GDP per Capita
by Antonio Focacci
Economies 2023, 11(9), 231; https://doi.org/10.3390/economies11090231 - 07 Sep 2023
Cited by 1 | Viewed by 1129
Abstract
The existence of fluctuations is part of the narrative, especially when there is a slowdown (or worse, a contraction) in economic activity. The presence of long waves with a period of about 50 years as proposed by Kondratieff is one of the most [...] Read more.
The existence of fluctuations is part of the narrative, especially when there is a slowdown (or worse, a contraction) in economic activity. The presence of long waves with a period of about 50 years as proposed by Kondratieff is one of the most controversial and fascinating theories about economic cycles. This paper analyses both the original Kondratieff data (from which the hypothesis started) and a dataset that includes GDP per capita for several significant countries. By applying the wavelet analysis (WA), the main objective of the paper is to understand whether it is plausible to support the existence of periodic fluctuations consistent with long cycles theory. The outcomes for Kondratieff’s original dataset do not show the presence of a coherent periodicity for most cases. The same conclusion can be drawn for all the GDP per capita series. Full article
(This article belongs to the Special Issue Macroeconomic Forecasting and Insights)
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19 pages, 381 KiB  
Article
Liquidity Creation and Economic Growth: Are They Monotonically Related? Evidence from MENA Countries
by Ali Almeshari, Mohamed Hisham Bin Dato Haji Yahya, Fakarudin Bin Kamarudin and Sha’ari Abd Hamid
Economies 2023, 11(1), 24; https://doi.org/10.3390/economies11010024 - 11 Jan 2023
Cited by 1 | Viewed by 2274
Abstract
Over the period 2000–2019, we reexamine the connection between finance, as measured by one of the primary banking sector functions—liquidity creation (LC)—and economic growth (EG) in 10 MENA countries panel. In a scenario seen as a dynamic heterogeneous panel, pooled mean group estimates [...] Read more.
Over the period 2000–2019, we reexamine the connection between finance, as measured by one of the primary banking sector functions—liquidity creation (LC)—and economic growth (EG) in 10 MENA countries panel. In a scenario seen as a dynamic heterogeneous panel, pooled mean group estimates demonstrate that LC and EG may have a favourable long-run connection while also having no influence in the short-run. In addition, results reveal an inverted U-shaped link between LC and EG over the short-term and long-term. This indicates that an excess of financial resources may be counterproductive to development in MENA nations. Full article
(This article belongs to the Special Issue Macroeconomic Forecasting and Insights)
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