variables such as inflation or employment. A key aspect of this challenge is evaluating the incoming flow of information … contained in economic announcements. In this article, the authors develop a simple-to-read index of these announcements that … they then use to construct nowcasts. The index tracks whether key economic data have come in stronger, weaker, or as …

economic freedom index datasets of the Heritage Foundation/Wall Street Journal(HF/WSJ), which is a cumulative index derived … from several sub-indices (trade freedom index, financial freedom, labor freedom, business and fiscal freedom index). The … cumulative economic freedom index show us how open and business friendly a country is. The sub-indices show us openness across …