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We present a medium-scale dynamic factor model to estimate and forecast the rate of growth of the Spanish economy in the very short term. The intermediate size of the model overcomes the serious specification problems associated with large-scale models and the implicit loss of information of...
Persistent link: https://www.econbiz.de/10010994591
With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then...
Persistent link: https://www.econbiz.de/10009399694
We sketch a framework for monitoring macroeconomic activity in real-time and push it in new directions. In particular, we focus not only on real activity, which has received most attention to date, but also on inflation and its interaction with real activity. As for the recent recession, we find...
Persistent link: https://www.econbiz.de/10008493139
This study utilizes the dynamic factor model of Giannone et al. (2008) in order to make now-/forecasts of GDP quarter-on-quarter growth rates in Switzerland. It also assesses the informational content of macroeconomic data releases for forecasting of the Swiss GDP. We find that the factor model...
Persistent link: https://www.econbiz.de/10008480878
This study utilizes the dynamic factor model of Giannone et al. (2008) in order to make now-/ forecasts of GDP quarter-on-quarter growth rate in Switzerland. It also assesses the informational content of macroeconomic data releases for forecasting of the Swiss GDP. We find that the factor model...
Persistent link: https://www.econbiz.de/10010580967
This study utilizes the dynamic factor model of Giannone et al. (2008) in order to make now-/forecasts of GDP quarter-on-quarter growth rates in Switzerland. It also assesses the informational content of macroeconomic data releases for forecasting of the Swiss GDP. We find that the factor model...
Persistent link: https://www.econbiz.de/10008615361
worsen the nowcasting performance. Finally, we show how releases of new data can be viewed through the lens of the dynamic …
Persistent link: https://www.econbiz.de/10011156773
Survey and to compare it with the mechanical forecasts based on state-of-the-art nowcasting techniques. Results indicate that …
Persistent link: https://www.econbiz.de/10011075127
With recovery from the global financial crisis in 2009 and 2010, inflation emerged as a major concern for many central banks in emerging Asia. We use data observed at mixed frequencies to estimate the movement of Chinese headline inflation within the framework of a state-space model, and then...
Persistent link: https://www.econbiz.de/10010559456
Barro &Sala-i-Martin (1995)growth s model has been a theoretical reference to Latin American studies on regional convergence.This article analyses around twenty research works published about Bolivia,Brazil,Colombia,Chile,Mexico and Peru during the last decade.It evaluates...
Persistent link: https://www.econbiz.de/10010992194