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business surveys data and to aggregate the nation-wide forecast into the Euro-zone forecast, we propose using an approach based …In this paper we propose a relatively simple procedure to predict Euro-zone industrial production using mostly data … derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy …
Persistent link: https://www.econbiz.de/10011291665
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Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the … ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area … series models and distinguishes between different forecast horizons, HICP components and inflation measures. Various …
Persistent link: https://www.econbiz.de/10009635954
that the cyclical position and the form of fiscal governance are major determinants of forecast biases. Projected changes …
Persistent link: https://www.econbiz.de/10009636530
growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation … encompasses a general unrestricted model and it forecast encompasses the competitors when tested on 20 quarters of one step ahead …
Persistent link: https://www.econbiz.de/10009636545
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This paper examines whether data from business tendency surveys are useful for forecasting the macro economy (GDP, unemployment, price and wage inflation, interest rates, exchange-rate changes etc.) in the short run. The starting point is a so-called dynamic factor model (DFM), which is used...
Persistent link: https://www.econbiz.de/10011291666
Since September 2004, Insee has published the results of its business survey in the services sector on a monthly basis together with a synthetic indicator. This indicator is extracted from both monthly and quarterly balances of opinion derived from the survey. The methodological framework is...
Persistent link: https://www.econbiz.de/10011291667
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, including within the context of joint programming between the EU, France, Germany and Spain. The scope of the study covers all …
Persistent link: https://www.econbiz.de/10012036340