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investment, which are available at a quarterly frequency. While nowcasting uses data up to (and including) the quarter to be … that taking explicit account of regimes clearly improves nowcasting, and different regimes are important for GDP … certain regimes, like tourist arrivals in the non-recession regime when nowcasting consumption, while other variables are …
Persistent link: https://www.econbiz.de/10014432187
We use a novel data set covering all domestic debit card transactions in physical terminals by Norwegian households, to nowcast quarterly Norwegian household consumption. These card payments data are free of sampling errors and are available weekly without delays, providing a valuable early...
Persistent link: https://www.econbiz.de/10012417489
This research introduces an innovative GDP nowcasting strategy tailored for developing countries, specifically …
Persistent link: https://www.econbiz.de/10015078275
Timely updates of business cycle fluctuations-commonly represented by movements in the output gap-help policymakers make informed decisions on the appropriate course of action. Unfortunately, business cycle assessments often suffer from lags in actual gross domestic product data releases. This...
Persistent link: https://www.econbiz.de/10015191532
This study developed an investment framework to implement dynamic factor rotation strategies according to changes in economic conditions. I constructed a useful macro indicator that tracked real-time business cycles of the US economy and applied a trend-filtering method to the indicator to...
Persistent link: https://www.econbiz.de/10013368326
Survey data can offer timely information on the current state of the economy and its short-term outlook. In this paper, we propose a "Swiss Economic Confidence Index" (SEC). This is a monthly indicator based on aggregating a selection of individual survey indicators, which we show to have...
Persistent link: https://www.econbiz.de/10015372756
The process of transition and growth in Central and Eastern Europe (CEE) provides interesting insights, considering the countries' historical relationship with the Soviet Union. The 20 years after the Eastern enlargement of the European Union show an integrative power within the Single Market....
Persistent link: https://www.econbiz.de/10015376841
Understanding the structural change in catching-up regions and the spatial distribution of economic sectors is essential for designing comprehensive policy strategies to promote balanced economic development. This study examines the economic restructuring of the 11 central and eastern European...
Persistent link: https://www.econbiz.de/10015376847
This paper uses a model of intergenerational accounting to simulate the intergenerational distribution of oil wealth in Venezuela. Venezuelan oil production does not seem to follow an optimal extraction path. Nevertheless, this is true if we do not consider what the government does with the...
Persistent link: https://www.econbiz.de/10012583980
This paper provides an extensive analysis of card spending during the COVID-19 pandemic in Turkey by using weekly aggregated and sectoral credit and debit card spending data from March 2014 to December 2020. At an aggregated level, we show that aggregate demand decreases significantly at the...
Persistent link: https://www.econbiz.de/10012650133