that (a) regardless of the forecasting methods considered, PMIs are useful for nowcasting, but their value added diminishes …This paper derives new theoretical results for forecasting with Global VAR (GVAR) models. It is shown that the presence … Purchasing Managers Indices (PMIs) for forecasting global (48 countries) growth, and compare forecasts from AugGVAR models with a …

-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer forecasting literature … for forecasting consumption developments. …

Allocation algorithm. For the forecasting experiment, we select 10 sign-adjusted topics that show strong correlations with GDP … information beyond professional forecasts. In an out-of-sample forecasting experiment, we also find that combining Dynamic Factor … solely on hard data across all forecasting horizons, with the greatest improvements seen in nowcasts. These results …

nowcasting and forecasting quarterly world GDP using mixed-frequency models. We find that a recently proposed indicator that …

probabilities with a simple GDP forecasting model yields an accurate nowcast for the steepest decline in GDP in 2009Q1 and a correct …

The use of large datasets for macroeconomic forecasting has received a great deal of interest recently. Boosting is one … forecasting a wide range of macroeconomic variables. Moreover, we analyse to what extent its forecasting accuracy depends on the … commonly used information criteria. -- macroeconomic forecasting ; component-wise boosting ; large datasets ; variable …