This paper assesses the ability of different models to forecast key real and nominal U.S. monthly macroeconomic variables in a data-rich environment and from the perspective of a real-time forecaster, i.e. taking into account the real-time data revisions process and data flow. We find that for...

type="main" xml:id="obes12047-abs-0001" <title type="main">Abstract</title> <p>We perform a fully real-time nowcasting (forecasting) exercise of US GDP growth using Giannone et al.'s (2008) factor model framework. To this end, we have constructed a real-time database of vintages from 1997 to 2010 for a panel of variables,...</p>

This Letter describes the construction of a new monthly business cycle indicator of the Irish economy. The index of economic activity draws information from a range categories of data covering output, income, employment, external demand and credit. A statistical method is used to extract a...

This paper assesses the ability of dierent models to forecast key real and nominal U.S. monthly macroeconomic variables in a data-rich environment from the perspective of a realtime forecaster, i.e. taking into account the real-time data revisions process and data ow. We nd that for the real...

When monitoring and assessing the state of the economy in real time, policymakers face the problem that Gross Domestic Product (GDP) is released with a lag. For the euro area, the first estimate of GDP for a reference quarter is only released six weeks after the close of the quarter. In the...

There has been a wide-spread misconception based on the imprecise wording of Art. 52 of the European Patent Convention (EPC) that the protection of business methods by patents is prohibited in Europe. This paper investigates the legal framework set by patent laws with respect to the...

Der Beitrag diskutiert die Anwendung des im Rahmen der Unternehmensbewertung häufig angewandten Gordon/Shapiro-Modells bei Vorliegen von Inflation sowie persönlichen Steuern. Gezeigt wird, dass sich steuerlich bedingtes und inflationsinduziertes Wachstum parallel im Kalkül erfassen lassen,...