Camacho, Maximo; Pérez-Quirós, Gabriel; Poncela, Pilar - C.E.P.R. Discussion Papers - 2012
To perform real-time business cycle inferences and forecasts of GDP growth rates in the Euro area, we use an extension of the Markov-switching dynamic factor models that accounts for the specificities of the day to day monitoring of economic developments such as ragged edges, mixed frequencies...