Search Results - subject:"real‐time data"

The Quest for Prosperity Without Inflation

Orphanides, Athanasios - Sveriges Riksbank - 1999

In recent years, activist monetary policy rules responding to inflation and the level of economic activity have been advanced as a means of achieving effective output stabilization without inflation. Advocates of such policies suggest that their flexibility may yield substantial stabilization...

Persistent link: https://www.econbiz.de/10005649074

The Quest for Prosperity Without Inflation

Orphanides, Athanasios - 1999

Persistent link: https://www.econbiz.de/10010321307

The quest for prosperity without inflation

Orphanides, Athanasios - 1999

Persistent link: https://www.econbiz.de/10011584494

Nowcasting, Business Cycle Dating and the Interpretation of New Information when Real Time Data are Available

Lee, Kevin; Olekalns, Nilss; Shields, Kalvinder - Department of Economics, Leicester University - 2008

decision making that is sensitive to accurate business cycle dating. Real-time data focuses attention on two interrelated … of macroeconomic dynamics helps establish the ways in which real-time data might improve macroeconomic analysis and those … where it might be less useful. Broadly-speaking, we argue that the real-time data are important in dealing with ‘end …

Persistent link: https://www.econbiz.de/10005385069

Did fiscal policy makers know what they were doing? Reassessing fiscal policy with real-time data

Bernoth, Kerstin; Hallet, Andrew Hughes; Lewis, John - de Nederlandsche Bank - 2008

policymakers were trying to do requires real time data. This paper compares fiscal policy reaction functions for 14 European … only with ex post data; the real time data suggests that policymakers are seeking to run counter cyclical discretionary …

Persistent link: https://www.econbiz.de/10005021848

Data Revisions, Gradualism, and US Inflation Pressure in Real Time

Siklos, Pierre L.; Weymark, Diana N. - Vanderbilt University Department of Economics - 2008

Uncertainties associated with the informational content of real-time data and the impact of policy initiatives on …

Persistent link: https://www.econbiz.de/10005595927

Nowcasting, Business Cycle Dating and the Interpretation of New Information when Real Time Data are Available

Olekalns, Nilss; Shields, Kalvinder - Department of Economics, Faculty of Business and Economics - 2008

A canonical model is described which reflects the real time informational context of decision-making. Comparisons are drawn with ‘conventional’ models that incorrectly omit market-informed insights on future macroeconomic conditions and inappropriately incorporate information that was not...

Persistent link: https://www.econbiz.de/10005750829

Short-Term Forecasts of Euro Area GDP Growth

Giannone, Domenico; Reichlin, Lucrezia; Angelini, Elena; … - European Centre for Advanced Research in Economics and … - 2008

This paper evaluates models that exploit timely monthly releases to compute early estimates of current quarter GDP (now-casting) in the euro area. We compare traditional methods used at institutions with a new method proposed by Giannone, Reichlin, and Small (2005). The method consists in...

Persistent link: https://www.econbiz.de/10005827105

Fiscal Adjustment to Cyclical Developments in the OECD: An Empirical Analysis Based on Real-Time Data

Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2008

We explore how fiscal policies in the OECD have responded to unexpected information about the economy during the period 1995-2006. In particular, we first estimate standard fiscal rules using ex-ante data (i.e. forecasts). We then estimate how fiscal policy reacts to new information, especially...

Persistent link: https://www.econbiz.de/10005791832

Swiss GDP revisions: A monetary policy perspective

Cuche-Curti, Nicolas; Hall, Pamela; Zanetti, Attilio - In: OECD Journal: Journal of Business Cycle Measurement and … 2008 (2008) 2, pp. 183-213

This paper focuses on Swiss GDP revisions and the uncertainty they generate from the point of view of monetary policy. After a description of the revisions features, we use GDP vintages to compute real-time output gaps using a production function approach. Then, with a nominal feedback rule, we...

Persistent link: https://www.econbiz.de/10008492345