Camacho, Maximo; Perez Quiros, Gabriel; Poncela, Pilar - In: International Journal of Forecasting 30 (2014) 3, pp. 520-535
In order 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 features of the day-to-day monitoring of economic developments, such as ragged edges, mixed...