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variables such as inflation or employment. A key aspect of this challenge is evaluating the incoming flow of information … contained in economic announcements. In this article, the authors develop a simple-to-read index of these announcements that … they then use to construct nowcasts. The index tracks whether key economic data have come in stronger, weaker, or as …
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. Replacing the gross domestic product by a single alternative index was rejected by the commission, however, since it is not …
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GDP is a closely watched indicator of the current health of the economy and an important tool of economic policy. It has been called one of the great inventions of the 20th century. It is not, however, a persuasive indicator of individual well-being or economic progress. There have been calls to...
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economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived … from several sub-indices (trade freedom index, financial freedom, labor freedom, business and fiscal freedom index). The … cumulative economic freedom index show us how open and business friendly a country is. The sub-indices show us openness across …
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of weighted indexes ancillary to GDP. Each ancillary index informs policy as to allocation of resources over the three … Index (HDI). These findings are brought by principal components and regression analyses of time series supplied by the World …
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This paper presents a weekly GDP indicator for Switzerland, which addresses the limitations of existing economic activity indicators using alternative high-frequency data created in the wake of the COVID-19 pandemic. The indicator is obtained from a Bayesian mixed-frequency dynamic factor model...
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