Nowcasting Euro Area Economic Activity in Real-Time: The Role of Confidence Indicator

This paper assesses the role of surveys for the early estimates of GDP in the euro area in a model-based automated procedures which exploits the timeliness of their release. The analysis is conducted using both an historical evaluation and a real time case study on the current conjuncture.

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Year of publication:	2009
Authors:	Giannone, Domenico ; Reichlin, Lucrezia ; Simonelli, Saverio
Institutions:	European Centre for Advanced Research in Economics and Statistics (ECARES), Solvay Brussels School of Economics and Management
Subject:	Forecasting \| factor model \| real time data \| large data sets \| survey

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Extent:	application/pdf
Series:	Working Papers ECARES.
Type of publication:	Book / Working Paper
Notes:	Published by: The text is part of a series ECARES Working papers Number 2009_021 17 pages long
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; C33 - Models with Panel Data ; C53 - Forecasting and Other Model Applications
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008530655