This paper deals with forecasting quarterly Austrian GDP growth using monthly conjunctural indicators and state space models. The latter provide an efficient econometric framework to analyse jointly data with different frequencies. Based on a Kalman filter technique we estimate a monthly GDP...

The modelling strategy of the Austrian Quarterly Model (AQM) is in the tradition of the â€neoclassical synthesisâ€, a combination of Keynesian short-run analysis and neoclassical long-run analysis. The short run dynamics are based on empirical evidence, the long run relationships are...

In this paper, a generalized dynamic factor model is utilized to produce short-term forecasts of real Austrian GDP. The model follows the frequency domain approach proposed by Forni, Hallin, Lippi and Reichlin (2000, 2003). The forecasting performance of the model with a large data set of 143...

This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole.

In this paper, a generalized dynamic factor model is utilized to produce short-term forecasts of real Austrian GDP. The model follows the frequency domain approach proposed by Forni, Hallin, Lippi and Reichlin (2000, 2003). The forecasting performance of the model with a large data set of 143...

The modelling strategy of the Austrian Quarterly Model (AQM) is in the tradition of the ”neoclassical synthesis”, a combination of Keynesian short-run analysis and neoclassical long-run analysis. The short run dynamics are based on empirical evidence, the long run relationships are derived...

This paper deals with forecasting quarterly Austrian GDP growth using monthly conjunctural indicators and state space models. The latter provide an efficient econometric framework to analyse jointly data with different frequencies. Based on a Kalman filter technique we estimate a monthly GDP...