Nowcasting Using the Chicago Fed National Activity Index

The authors present an alternative version of the Chicago Fed National Activity Index (CFNAI), which is constructed using a methodology that allows for a more robust treatment of the underlying data series than its traditional methodology. This alternative CFNAI produces superior predictions of real gross domestic product growth for the current quarter (nowcasts) while correlating more closely with U.S. recessions than the traditional index

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Year of publication:	2014
Authors:	Brave, Scott A.
Other Persons:	Butters, R. Andrew (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Prognoseverfahren \| Forecasting model \| Geldpolitik \| Monetary policy \| Wirtschaftsindikator \| Economic indicator \| Bruttoinlandsprodukt \| Gross domestic product

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Extent:	1 Online-Ressource (19 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Perspectives, Vol. XXXVIII, No. 1, 2014 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 29, 2014 erstellt
Classification:	C22 - Time-Series Models ; C53 - Forecasting and Other Model Applications ; E27 - Forecasting and Simulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013054346