The paper deals with the estimation of monthly indicators of economic activity for the Euro area and its largest member countries that possess the following attributes: relevance, representativeness and timeliness. Relevance is obtained by referring our monthly indicators to gross domestic...

The paper deals with the estimation of monthly indicators of economic activity for the Euro area and its largest member countries that possess the following attributes: relevance, representativeness and timeliness. Relevance is obtained by referring our monthly indicators to gross domestic...

In this paper we propose a monthly measure for the euro area Gross Domestic Product (GDP) based on a small scale factor model for mixed frequency data, featuring two factors: the first is driven by hard data, whereas the second captures the contribution of survey variables as coincident...

Using a standard input-output table with known marginal totals and independent (and unbalanced) estimates in individual cells as a basis, this paper investigates methods by which the cell estimates can be calibrated to the marginal totals. The paper also investigates the use of confidence...

Since September 2004, Insee has published the results of its business survey in the services sector on a monthly basis together with a synthetic indicator. This indicator is extracted from both monthly and quarterly balances of opinion derived from the survey. The methodological framework is...

This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s. After a review of theoretical arguments on why real narrow money should help predict real GDP, in the empirical part we lay out evidence on the M1-GDP relation in the euro area, using...