Search Results - subject:"Real Time data"

Has Models' Forecasting Performance for US Output Growth and Inflation Changed over Time, and When?

Rossi, Barbara; Sekhposyan, Tatevik - Duke University, Department of Economics - 2010

show that the models' relative performance has, in fact, changed dramatically over time, both for revised and real-time … data, and investigate possible factors that might explain such changes. In addition, this paper establishes two empirical …

Persistent link: https://www.econbiz.de/10008549062

Towards a robust monetary policy rule for the euro area

Blattner, Tobias; Margaritov, Emil - European Central Bank - 2010

Estimations of simple monetary policy rules are often very rigid. Standard practice requires that a decision is made as to which indicators the central bank is assumed to respond to, ignoring the data-rich environment in which policy-makers typically form their decisions. However, the choice of...

Persistent link: https://www.econbiz.de/10008553111

Alternative Phillips Curves Models with Endogenous Real-Time Expectations

Kiefer, David - Department of Economics, University of Utah - 2010

contemporaneous information, and because we apply it to a real-time data set in order to accurately measure available information …

Persistent link: https://www.econbiz.de/10008554062

Assessing the Real-Time Informational Content of Macroeconomic Data Releases for Now-/Forecasting GDP: Evidence for Switzerland

Siliverstovs, Boriss; Kholodilin, Konstantin A. - KOF Swiss Economic Institute, Department of Management, … - 2010

This study utilizes the dynamic factor model of Giannone et al. (2008) in order to make now-/forecasts of GDP quarter-on-quarter growth rates in Switzerland. It also assesses the informational content of macroeconomic data releases for forecasting of the Swiss GDP. We find that the factor model...

Persistent link: https://www.econbiz.de/10008480878

Estimating Monetary Policy Reaction Functions Using Quantile Regressions

Wolters, Maik Hendrik - Volkswirtschaftliche Fakultät, … - 2010

Monetary policy rule parameters are usually estimated at the mean of the interest rate distribution conditional on inflation and an output gap. This is an incomplete description of monetary policy reactions when the parameters are not uniform over the conditional distribution of the interest...

Persistent link: https://www.econbiz.de/10008526967

Frequency Dependence in a Real-Time Monetary Policy Rule

Ashley, Richard; Tsang, Kwok Ping; Verbrugge, Randal J. - Department of Economics, Virginia Polytechnic Institute … - 2010

We estimate a monetary policy rule allowing for possible frequency dependence - i.e. allowing the central bank to respond diÂ¤erently to persistent innovations than to transitory innovations, in both the real-time unemployment rate and the real-time inflation rate. The method is flexible, and...

Persistent link: https://www.econbiz.de/10008611363

Assessing the Real-Time Informational Content of Macroeconomic Data Releases for Now-/Forecasting GDP: Evidence for Switzerland

Siliverstovs, Boriss; Kholodilin, Konstantin A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

Persistent link: https://www.econbiz.de/10008615361

An Overhaul of Fed Doctrine: Nominal Income and the Great Moderation

Hendrickson, Joshua - Volkswirtschaftliche Fakultät, … - 2010

The Great Moderation is often characterized by the decline in the variability of output and inflation from earlier periods. While a multitude of explanations for the Great Moderation exist, notable research has focused on the role of monetary policy. Specifically, early evidence suggested that...

Persistent link: https://www.econbiz.de/10008623456

Real-time macroeconomic monitoring: real activity, inflation, and interactions

Aruoba, S. Boragan; Diebold, Francis X. - Federal Reserve Bank of Philadelphia - 2010

The authors sketch a framework for monitoring macroeconomic activity in real-time and push it in new directions. In particular, they focus not only on real activity, which has received most attention to date, but also on inflation and its interaction with real activity. As for the recent...

Persistent link: https://www.econbiz.de/10008627185

Real-Time Data Revisions and the PCE Measure of Inflation

Tierney, Heather L.R. - Volkswirtschaftliche Fakultät, … - 2010

persistence model. Keeping the number of observations the same, the regression parameters of earlier vintages of real-time data …, beginning with vintage 1996:Q1, are tested for coincidence against the regression parameters of the last vintage of real-time … data, used in this paper, which is vintage 2008:Q2 in a parametric and two nonparametric frameworks. The effects of data …

Persistent link: https://www.econbiz.de/10008560957