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nowcasting and forecasting quarterly world GDP using mixed-frequency models. We find that a recently proposed indicator that …
Persistent link: https://www.econbiz.de/10012306598
Factor Forests (DFF) for macroeconomic forecasting, which synthesize the recent machine learning, dynamic factor model and … proposed in Zeileis, Hothorn and Hornik (2008). DFTs and DFFs are non-linear and state-dependent forecasting models, which … powerful tree-based machine learning ensembles conditional on the state of the business cycle. The out-of-sample forecasting …
Persistent link: https://www.econbiz.de/10012172506
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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...
Persistent link: https://www.econbiz.de/10012171656
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The question of what really drives economic growth in sub-Saharan Africa (SSA) has been debated for many decades now. However, there is still a lack of clarity on variables crucial for driving growth as prior contributions have been executed at the backdrop of preferential selection of...
Persistent link: https://www.econbiz.de/10014278138
In this paper we consider the value of Google Trends search data for nowcasting (and forecasting) GDP growth for a …
Persistent link: https://www.econbiz.de/10013222547
soft data. In addition, a rolling forecast study is carried out to assess the forecasting performance of the estimated …
Persistent link: https://www.econbiz.de/10013099205
forecasting models that rely on a large number of macroeconomic predictors. More specifically, we evaluate how well conditional …
Persistent link: https://www.econbiz.de/10013089933