create a website

Oil-Price Uncertainty and the U.K. Unemployment Rate: A Forecasting Experiment with Random Forests Using 150 Years of Data. (2020). Salisu, Afees ; Pierdzioch, Christian ; GUPTA, RANGAN.
In: Working Papers.
RePEc:pre:wpaper:202095.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 39

References cited by this document

Cocites: 16

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Uncertainty and Forecastability of Regional Output Growth in the United Kingdom: Evidence from Machine Learning. (2021). Pierdzioch, Christian ; GUPTA, RANGAN ; Gabauer, David ; Balcilar, Mehmet.
    In: Working Papers.
    RePEc:pre:wpaper:202111.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Aye, G.C., Christou, C., Gil-Alana, L.A., and Gupta, R. (2019a). Forecasting the probability of recessions in South Africa: the role of decomposed term spread and economic policy uncertainty. Journal of International Development, 31: 101–116.

  2. Aye, G.C., Gupta, R., Lau, C.K.M., and Sheng X. (2019b). Is there a role for uncertainty in forecasting output growth in OECD countries? evidence from a time-varying parameter-panel vector autoregressive model. Applied Economics, 51: 3624–3631.

  3. Balcilar M, Gupta R, Segnon M. 2016. The role of economic policy uncertainty in predicting US recessions: A mixed-frequency Markov-switching vector autoregressive approach. Economics: The Open-Access, Open-Assessment E-Journal, 10: 1–20.

  4. Bashar, O.H., Wadud, I.M., and Ahmed, H.J.A. (2013). Oil price uncertainty, monetary policy and the macroeconomy: The Canadian perspective. Economic Modelling, 35: 249–259.

  5. Bernanke, B. (1983). Irreversibility, uncertainty, and cyclical investment. Quarterly Journal of Economics, 98: 85–106.

  6. Bloom, N. (2009). The impact of uncertainty shocks. Econometrica, 77(3): 623–685.

  7. Bredin, D., Elder, J., and Fountas, S. (2011). Oil volatility and the option value of waiting: an analysis of the G-7. Journal of Futures Markets, 31: 679–702.

  8. Breiman, L. (2001). Random forests. Machine Learning, 45: 5–32.
    Paper not yet in RePEc: Add citation now
  9. Campbell, J.Y., (2008) Viewpoint: estimating the equity premium, Canadian Journal of Economics, 41: 1–21.

  10. Central Intelligence Agency (CIA) World Factbook (2019). URL: https://www.cia.gov/library/ publications/the-world-factbook/.
    Paper not yet in RePEc: Add citation now
  11. Christou, C., Gabauer, D., and Gupta, R. (2019). Time-Varying impact of uncertainty shocks on macroeconomic variables of the united kingdom: Evidence from over 150 years of monthly data. Finance Research letters. DOI: https://doi.org/10.1016/j.frl.2019.101363.

  12. Clark, T.D., and West, K.D. (2007). Approximately normal tests for equal predictive accuracy in nested models. Journal of Econometrics, 138: 291–311.

  13. Diebold, F. X., & Mariano, R. S. (1995). Comparing predictive accuracy. Journal of Business and Economic Statistic, 13: 253–263.

  14. Dixit, A. (1992). Investment and hysteresis. The Journal of Economic Perspectives, 6(1): 107–132.

  15. Elder, J. (2018). Oil price volatility: Industrial production and special aggregates. Macroeconomic Dynamics, 22(S3): 640–653.

  16. Elder, J., and Serletis, A. (2009). Oil price uncertainty in Canada. Energy Economics, 31: 852–856.

  17. Elder, J., and Serletis, A. (2010). Oil price uncertainty. Journal of Money, Credit and Banking, 42: 1137–1159.

  18. Elder, J., and Serletis, A. (2011). Volatility in oil prices and manufacturing activity: an investigation of real options. Macroeconomic Dynamics, 15: 379–395.

  19. Harvey, D., Leybourne, S., and Newbold, P. (1997). Testing the equality of prediction mean squared errors. International Journal of forecasting, 13: 281–291.

  20. Hastie, T., Tibshirani, R., and Friedman, J. (2009). The Elements of Statistical Learning: Data Mining, Inference, and Prediction (2nd ed.). New York, NY: Springer.
    Paper not yet in RePEc: Add citation now
  21. Hyndman, R.J. (2017). forecast: Forecasting functions for time series and linear models. R package version 8.0, URL: http://github.com/robjhyndman/forecast.
    Paper not yet in RePEc: Add citation now
  22. Hyndman, R.J., and Khandakar, Y. (2008). Automatic time series forecasting: the forecast package for R. Journal of Statistical Software, 26: 1–22.

  23. Jo, S. (2014). The effects of oil price uncertainty on global real economic activity. Journal of Money, Credit and Banking, 46(6): 1113–1135.

  24. Junttila J., and Vataja, J. (2018). Economic policy uncertainty effects for forecasting future real economic activity. Economic Systems, 42: 569–583.

  25. Kandemir Kocaaslan, O. (2019). Oil price uncertainty and unemployment. Energy Economics, 81: 577–583.

  26. Karnizova L., and Li J.C. (2014). Economic policy uncertainty, financial markets and probability of US recessions. Economics Letters, 125: 261–265.

  27. Kilian, L., and Vigfusson, R.J. (2011). Nonlinearities in the oil price-output relationship. Macroeconomic Dynamics, 15: 337–363.

  28. Kocaarslan, B., Soytas, M.A., and Soytas, U. (2020). The asymmetric impact of oil prices, interest rates and oil price uncertainty on unemployment in US. Energy Economics, 86: 104625.

  29. Pierdzioch, C.; Gupta, R. Uncertainty and Forecasts of U.S. Recessions. Studies in Nonlinear Dynamics & Econometrics 2020, 24(4): 1–20.
    Paper not yet in RePEc: Add citation now
  30. Pindyck, R.S. (1991). Irreversibility, Uncertainty, and Investment. Journal of Economic Literature, 24: 1110–1148.

  31. Pinno, K., and Serletis, A. (2013). Oil Price Uncertainty and Industrial Production. The Energy Journal, 34: 191–216.

  32. Rahman, S., and Serletis, A. (2010). The asymmetric effects of oil price and monetary policy shocks: a nonlinear VAR approach. Energy Economics, 32: 1460–1466.

  33. Rahman, S., and Serletis, A. (2011). The asymmetric effects of oil price shocks. Macroeconomic Dynamics, 15: 437–471.

  34. Rahman, S., and Serletis, A. (2012). Oil price uncertainty and the Canadian economy: evidence from a VARMA, GARCH-in-Mean, asymmetric BEKK model. Energy Economics, 34: 603–610.

  35. Rapach, D., and Zhou, G. (2013). Forecasting Stock Returns. Handbook of Economic Forecasting, Volume 2A, Graham Elliott and Allan Timmermann (Eds.) Amsterdam: Elsevier: 328–383.

  36. Sadorsky, P. (1999). Oil price shocks and stock market activity. Energy Economics, 2: 449-469.

  37. Tibshirani,J., Athey, S., and Wager, S. (2020). grf: Generalized Random Forests. R package version 1.1.0. https://CRAN.R-project.org/package=grf.
    Paper not yet in RePEc: Add citation now
  38. van Eyden R., Difeto, M., Gupta, R., and Wohar, M.E. (2019). Oil price volatility and economic growth: Evidence from advanced economies using more than a century’s data. Applied Energy, 233: 612-621.

  39. Wu, J.C., and Xia, F.D. (2016). Measuring the macroeconomic impact of monetary policy at the zero lower bound. Journal of Money, Credit and Banking, 48 (2-3): 253–291.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Functional Cointegration Test for Expectation Hypothesis of the Term Structure of Interest Rates in China. (2024). Lin, Aihua ; Su, Zhifang ; Fu, Yizheng.
    In: Asia-Pacific Financial Markets.
    RePEc:kap:apfinm:v:31:y:2024:i:4:d:10.1007_s10690-023-09431-w.

    Full description at Econpapers || Download paper

  2. Uncertainty and forecastability of regional output growth in the UK: Evidence from machine learning. (2022). Pierdzioch, Christian ; GUPTA, RANGAN ; Gabauer, David ; Balcilar, Mehmet.
    In: Journal of Forecasting.
    RePEc:wly:jforec:v:41:y:2022:i:6:p:1049-1064.

    Full description at Econpapers || Download paper

  3. Oil-price uncertainty and the U.K. unemployment rate: A forecasting experiment with random forests using 150 years of data. (2022). Salisu, Afees ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Resources Policy.
    RePEc:eee:jrpoli:v:77:y:2022:i:c:s0301420722001106.

    Full description at Econpapers || Download paper

  4. Forecasting output growth of advanced economies over eight centuries: The role of gold market volatility as a proxy of global uncertainty. (2022). Salisu, Afees ; GUPTA, RANGAN ; Das, Sonali ; Karmakar, Sayar.
    In: Resources Policy.
    RePEc:eee:jrpoli:v:75:y:2022:i:c:s0301420721005341.

    Full description at Econpapers || Download paper

  5. Commodity Prices and Forecastability of South African Stock Returns Over a Century: Sentiments versus Fundamentals. (2021). Salisu, Afees ; GUPTA, RANGAN.
    In: Working Papers.
    RePEc:pre:wpaper:202144.

    Full description at Econpapers || Download paper

  6. Forecasting Output Growth of Advanced Economies Over Eight Centuries: The Role of Gold Market Volatility as a Proxy of Global Uncertainty. (2021). Salisu, Afees ; GUPTA, RANGAN ; Das, Sonali ; Karmakar, Sayar.
    In: Working Papers.
    RePEc:pre:wpaper:202133.

    Full description at Econpapers || Download paper

  7. Uncertainty and Forecastability of Regional Output Growth in the United Kingdom: Evidence from Machine Learning. (2021). Pierdzioch, Christian ; GUPTA, RANGAN ; Gabauer, David ; Balcilar, Mehmet.
    In: Working Papers.
    RePEc:pre:wpaper:202111.

    Full description at Econpapers || Download paper

  8. Time-varying impact of pandemics on global output growth. (2021). Ji, Qiang ; GUPTA, RANGAN ; Balcilar, Mehmet ; Sheng, Xin.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:41:y:2021:i:c:s1544612320316378.

    Full description at Econpapers || Download paper

  9. Forecasting Output Growth of Advanced Economies Over Eight Centuries: The Role of Gold Market Volatility as a Proxy of Global Uncertainty. (2021). Salisu, Afees ; GUPTA, RANGAN ; Das, Sonali ; Karmakar, Sayar.
    In: GRU Working Paper Series.
    RePEc:cth:wpaper:gru_2021_017.

    Full description at Econpapers || Download paper

  10. HISTORICAL FORECASTING OF INTEREST RATE MEAN AND VOLATILITY OF THE UNITED STATES: IS THERE A ROLE OF UNCERTAINTY?. (2020). GUPTA, RANGAN ; Yeganegi, Mohammad Reza ; Hassani, Hossein.
    In: Annals of Financial Economics (AFE).
    RePEc:wsi:afexxx:v:15:y:2020:i:04:n:s2010495220500189.

    Full description at Econpapers || Download paper

  11. Is the Phillips curve framework still useful for understanding inflation dynamics in South Africa. (2020). Fedderke, Johannes.
    In: Working Papers.
    RePEc:rbz:wpaper:10142.

    Full description at Econpapers || Download paper

  12. Oil-Price Uncertainty and the U.K. Unemployment Rate: A Forecasting Experiment with Random Forests Using 150 Years of Data. (2020). Salisu, Afees ; Pierdzioch, Christian ; GUPTA, RANGAN.
    In: Working Papers.
    RePEc:pre:wpaper:202095.

    Full description at Econpapers || Download paper

  13. Forecasting economic policy uncertainty of BRIC countries using Bayesian VARs. (2020). Sun, Xiaojin ; GUPTA, RANGAN.
    In: Economics Letters.
    RePEc:eee:ecolet:v:186:y:2020:i:c:s0165176519303386.

    Full description at Econpapers || Download paper

  14. The Role of Economic Policy Uncertainty in Predicting Output Growth in Emerging Markets: A Mixed-Frequency Granger Causality Approach. (2019). GUPTA, RANGAN ; Balcilar, Mehmet ; Ike, George.
    In: Working Papers.
    RePEc:pre:wpaper:201975.

    Full description at Econpapers || Download paper

  15. The Relationship between Economic Uncertainty and Corporate Tax Rates. (2019). Lau, Chi Keung ; GUPTA, RANGAN ; Gözgör, Giray ; Clance, Matthew ; Marco, Chi Keung.
    In: Working Papers.
    RePEc:pre:wpaper:201945.

    Full description at Econpapers || Download paper

  16. Forecasting the Term Structure of Interest Rates of the BRICS: Evidence from a Nonparametric Functional Data Analysis. (2019). GUPTA, RANGAN ; Suleman, Tahir ; Caldeira, Joao F ; Torrent, Hudson S.
    In: Working Papers.
    RePEc:pre:wpaper:201911.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-23 11:34:45 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.