Giannone, Domenico; Reichlin, Lucrezia; Small, David - In: Journal of Monetary Economics 55 (2008) 4, pp. 665-676
A formal method is developed for evaluating the marginal impact that intra-monthly data releases have on current-quarter forecasts (nowcasts) of real gross domestic product (GDP) growth. The method can track the real-time flow of the type of information monitored by central banks because it can...