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derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy … in France and Germany; as far as Italy is concerned, forecasts are produced using a model that in the recent past proved … business surveys data and to aggregate the nation-wide forecast into the Euro-zone forecast, we propose using an approach based …
Persistent link: https://www.econbiz.de/10011291665
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
The long and sustained expansion of the nineties has generated, especially in the US, widespread rumours about the "death of the cycle". Nevertheless, towards the end of the last decade, it became clear that fluctuations of economic activity were far from being extinct. This has contributed...
Persistent link: https://www.econbiz.de/10011291664
Using a classification method developed in this paper, the quality of qualitative survey data of the manufacturing industry at micro-economic level is investigated. For single companies, recent opinions on recent production developments are compared to quantitative results of industrial...
Persistent link: https://www.econbiz.de/10011291668
The quarterly survey of investment in industry, conducted by the National Institute for Statistics and Economic Studies (INSEE) is a prime source of information concerning short-term evolutions in productive investment, making it possible to estimate these evolutions at an early stage and with...
Persistent link: https://www.econbiz.de/10011291669
The answers to qualitative questions put to economic operators can be integrated in standard macro-economic analysis by using a "quantification" procedure chosen among the probabilistic approach, the regression methods or the latent factor approach. The first one is the most commonly used. It is...
Persistent link: https://www.econbiz.de/10011335273
Persistent link: https://www.econbiz.de/10009780476
Persistent link: https://www.econbiz.de/10009780494
series models and distinguishes between different forecast horizons, HICP components and inflation measures. Various … indicate that aggregating forecasts by component does not necessarily help forecast year-on-year inflation twelve months …
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