Nowcasting Using the Chicago Fed National Activity Index

The authors present an alternative version of the Chicago Fed National Activity Index (CFNAI), which is constructed using a methodology that allows for a more robust treatment of the underlying data series than its traditional methodology. This alternative CFNAI produces superior predictions of real gross domestic product growth for the current quarter (nowcasts) while correlating more closely with U.S. recessions than the traditional index.

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Year of publication:	2014
Authors:	Brave, Scott ; Butters, R. Andrew
Published in:	Economic Perspectives. - Federal Reserve Bank of Chicago. - 2014, Q I, p. 19-37
Publisher:	Federal Reserve Bank of Chicago
Subject:	Chicago Fed National Activity Index (CFNAI) \| Gross domestic product (GDP)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010765418