We assess the forecast ability of Norges Bank's regional survey for inflation, GDP growth and the unemployment rate in Norway. We propose several factor models based on regional and sectoral information given by the survey. The analysis identifies which information extracted from the ten sectors...

We propose to construct factor models based on disaggregate survey data to forecast national aggregate macroeconomic variables. We apply our methodology to Norges Bank's regional survey, which allows to construct regional and sectoral factor models, and to the Swedish Business Tendency survey,...

This paper considers the problem of forecasting real and financial macroeconomic variables across a large number of countries in the global economy. To this end, a global vector autoregressive (GVAR) model previously estimated over the 1979:Q1–2003:Q4 period by Dees, de Mauro, Pesaran, and...