Showing 1 - 10 of 545
forecasting euro area manufacturing production. Following Boivin and Ng (2006), the emphasis is put on the role of dataset …
Persistent link: https://www.econbiz.de/10011604940
forecasting euro area manufacturing production. Following Boivin and Ng (2006), the emphasis is put on the role of dataset …
Persistent link: https://www.econbiz.de/10013316542
-time estimates to check the stability of the estimates to GDP revisions. We finally run a forecasting experiment to evaluate the … estimates in real time. Our measures help forecasting inflation over most of our evaluation sample (2001-2010) but fail …
Persistent link: https://www.econbiz.de/10013120226
Forecasting the world economy is a difficult task given the complex interrelationships within and across countries …, first, at ranking various forecasting methods in terms of forecast accuracy and, second, at checking whether methods … forecasting directly aggregate variables (direct approaches) outperform methods based on the aggregation of country …
Persistent link: https://www.econbiz.de/10013159358
Forecasts from dynamic factor models potentially bene.t from refining the data set by eliminating uninformative series. The paper proposes to use prediction weights as provided by the factor model itself for this purpose. Monte Carlo simulations and an empirical application to short-term...
Persistent link: https://www.econbiz.de/10012993784
of country-specific determinants. This paper shows empirically the superiority of direct forecasting methods, in which …
Persistent link: https://www.econbiz.de/10012753643
Monitoring economic conditions in real time, or nowcasting, is among the key tasks routinely performed by economists. Nowcasting entails some key challenges, which also characterise modern Big Data analytics, often referred to as the three \Vs": the large number of time series continuously...
Persistent link: https://www.econbiz.de/10012825850
This paper proposes a methodology to nowcast and forecast inflation using data with sampling frequency higher than monthly. The nowcasting literature has been focused on GDP, typically using monthly indicators in order to produce an accurate estimate for the current and next quarter. This paper...
Persistent link: https://www.econbiz.de/10013316040
perform forecasting tests by the same authors on US data. This technique is explored for the euro area using a multi …-country data set and a broad array of variables, in order to test the inflation forecasting performance of extracted factors at the …
Persistent link: https://www.econbiz.de/10013320285
This paper documents a new stylized fact of the greater macroeconomic stability of the U.S. economy over the last two decades. Using 131 monthly time series, three popular statistical methods and the forecasts of the Federal Reserve’s Greenbook and the Survey of Professional Forecasters, we...
Persistent link: https://www.econbiz.de/10011604651