A factor model approach to nowcasting Danish GDP

This memo documents a nowcasting model for Danish GDP used during the economic crisis related to the outbreak of COVID-19. During this crisis, the model provided timely and more accurate nowcasts than a simple model. To improve the timeliness of nowcasts we make use of new high-frequency indicators.

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Year of publication:	2021
Authors:	Schmith, Adrian Michael Bay ; Grenestam, Erik
Publisher:	Copenhagen : Danmarks Nationalbank
Subject:	Bruttoinlandsprodukt \| Wirtschaftsprognose \| Prognoseverfahren \| Dänemark

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Series:	Economic Memo ; 3
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Research Report
Language:	English
Other identifiers:	1758065745 [GVK] hdl:10419/261818 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10013326751