Search Results - subject:"real‐time data"

Does the ECB Rely on a Taylor Rule? - Comparing Ex-post with Real Time Data

Belke, Ansgar; Klose, Jens - Rheinisch-Westfälisches Institut für … - 2009

use of non-modified real time data instead of real-time data based forecasted values and vice versa. Since both effects …, the differences resulting from the use of ex-post and real time data per se and, second, the differences emerging from the … inflation coefficients while the opposite is true for the output gap coefficients. If real time data forecasts for the current …

Persistent link: https://www.econbiz.de/10008558461

Fiscal policy in Central and Eastern Europe with real time data: Cyclicality, inertia and the role of EU accession

Lewis, John - de Nederlandsche Bank - 2009

This paper evaluates the cyclicality, inertia and effect of EU accession on fiscal policy in Central and Eastern Europe using a real time dataset. Budget balances are found to react in a stabilising way to economic activity, and they are less inert than is typically found in Western Europe....

Persistent link: https://www.econbiz.de/10004963329

Does the ECB Rely on a Taylor Rule?: Comparing Ex-post with Real Time Data

Belke, Ansgar; Klose, Jens - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

from the use of non-modified real time data instead of real-time data based forecasted values and vice versa. Since both …. First, the differences resulting from the use of ex-post and real time data per se and, second, the differences emerging … estimated inflation coefficients while the opposite is true for the output gap coefficients. If real time data forecasts for the …

Persistent link: https://www.econbiz.de/10005068827

Financial Market Conditions, Real Time, Nonlinearity and European Central Bank Monetary Policy: In-Sample and Out-of-Sample Assessment

Milas, Costas; Naraidoo, Ruthira - Rimini Centre for Economic Analysis (RCEA) - 2009

and that model specifications with real-time data provide the best description of in-sample ECB interest rate setting …

Persistent link: https://www.econbiz.de/10008511775

Can we rely on real time figures for cyclically adjusted budget balances?

Hallett, Andrew Hughes; Kattai, Rasmus; Lewis, John - Eesti Pank - 2009

This paper analyses the reliability of real time estimates of cyclically adjust budget balances (CABs). We find that real time CABs are not better at forecasting the ex post figures than simpler benchmarks. Further, we find that real time CABs have low power in detecting fiscal slippages, and in...

Persistent link: https://www.econbiz.de/10008477103

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

Giannone, Domenico; Reichlin, Lucrezia; Simonelli, Saverio - Centro Studi di Economia e Finanza (CSEF) - 2009

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.

Persistent link: https://www.econbiz.de/10008527402

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

Giannone, Domenico; Reichlin, Lucrezia; Simonelli, Saverio - European Centre for Advanced Research in Economics and … - 2009

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

Does the ECB rely on a Taylor rule? : comparing ex-post with real time data

Belke, Ansgar; Klose, Jens - 2009

Persistent link: https://www.econbiz.de/10010207062

Forecasting growth cycle turning points using US and Japanese professional forecasters

Fukuda, Kosei - In: Empirical Economics 36 (2009) 2, pp. 243-267

Persistent link: https://www.econbiz.de/10005382298

NOWCASTING EURO AREA ECONOMIC ACTIVITY IN REAL TIME: THE ROLE OF CONFIDENCE INDICATORS

Giannone, Domenico; Reichlin, Lucrezia; Simonelli, Saverio - In: National Institute Economic Review 210 (2009) 1, pp. 90-97

This paper assesses the role of qualitative surveys for the early estimation of GDP in the Euro Area in a model-based automated procedure 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...

Persistent link: https://www.econbiz.de/10010786219