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In periods of unusual weather, forecasters face a problem of interpreting economic data: Which part goes back to the … underlying economic trend and which part arises from a special weather effect? In this paper, we discuss ways to disentangle … weather-related from business cycle-related influences on economic indicators. We find a significant influence of weather …
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This study provides a toolkit to nowcast, or produce early estimates of, gross domestic product (GDP) growth in India. We use a dynamic factor model (DFM) to nowcast GDP growth in India on a quarterly basis from January 2000 to December 2018. The DFM methodology offers a powerful and tractable...
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Temporal climate risk weighs heavily on many of the world's poor. Model based climate forecasts could benefit such populations, provided recipients use forecast information to update climate expectations. We test whether pastoralists in southern Ethiopia and northern Kenya update their...
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