Lombardi, Marco J.; Maier, Philipp - 2021
We evaluate forecasts for the euro area in data-rich and ‘data-lean’ environments by comparing three different … approaches: a simple PMI model based on Purchasing Managers’ Indices (PMIs), a dynamic factor model with euro area data, and a …, nowcasts and forecasts for GDP, components of GDP, and GDP of all individual euro area members, and examine forecasts for …