This paper focuses on identifying useful indicators for nowcasting GDP in Sweden. We analyze 35 monthly indicators … is conducted using mixed-data sampling (MIDAS) and mixed-frequency VAR models in both individual and pooled setups for … nowcasting. While the primary focus is on nowcasting, we also assess the performance of the indicators for backcasting and …

Aggregate demand forecasting, also known as nowcasting when it applies to current quarter assessment, is of notable …, it focuses on the MIDAS approach and its later extension, the Bayesian MF-VAR. The two strategies are evaluated in terms … of their accuracy to nowcast Macedonian GDP growth, using same monthly frequency data set. The results of this study …

This paper documents GDPNow, a "nowcasting" model for gross domestic product (GDP) growth that synthesizes the "bridge … equation" approach relating GDP subcomponents to monthly source data with the factor model approach used by Giannone, Reichlin …, and Small (2008). The GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain …

leverage a novel real-time dataset to conduct an out-of-sample forecasting exercise for U.S. real gross domestic product (GDP …). MF-BVARs are shown to provide an attractive alternative to surveys of professional forecasters for forecasting GDP growth …

In this paper we use U.S. real-time vintage data and produce combined density nowcasts for quarterly GDP growth from a … of the predictive densities for U.S. GDP increase almost monotonically as new information arrives during the quarter …

, MIxed DAta Sampling (MIDAS) models, mixed frequency VARs, and mixed frequency factor models. We also consider alternative …

mixed-data sampling (MIDAS) regressions. We consider both classical and unrestricted MIDAS regressions with and without an … autoregressive component. First, we compare the forecasting performance of the different MIDAS models in Monte Carlo simulation …. Some differences are instead more evident when the persistence is high, for which the ARMIDAS and the AR-U-MIDAS produce …

and thereby shape aggregate economic fluctuations. Traditional nowcasting approches have to a relatively little degree … decomposed into daily news topics and used to nowcast quarterly GDP growth. Compared with a big bank of experts, here represented …, if the statistical agency producing the GDP statistics itself had used the news-based methodology, it would have resulted …