The paper provides a disaggregated mixed-frequency framework for the estimation of GDP. The GDP is disaggregated into …. The model framework is applied for Greek GDP nowcasting. The results provide evidence that the more accurate nowcasting … estimations require (i) the disaggregation of GDP, (ii) the use of a multilayer mixed-frequency framework, and (iii) the inclusion …

sizeable. Prices and quantities affect the precision of the estimates of inflation while GDP is only affected by real variables …

process is to use timely monthly information in order to nowcast key economic variables, such as e.g. GDP, that are typically … data releases and the resulting forecast revisions. To illustrate our ideas, we study the nowcast of euro area GDP in the …

order 1. We then apply our approach to a mixed frequency model which we use to estimate monthly U.S. GDP from May 1969 to …-time GDP nowcasts over the 2007 to 2009 financial crisis. This last exercise shows that a GDP index, as opposed to real time … estimates of GDP itself, may be more helpful in highlighting changes in the state of the macroeconomy. …

literature. Finally, we show that factors extracted from our data set are useful for forecasting a range of macroeconomic series … factors extracted from this data set exhibit similar behavior to those extracted from the original Stock and Watson data set …. The dominant factors are shown to be insensitive to outliers, but outliers do affect the relative influence of the series …

We evaluate the forecasting performance of six different models for short-term forecasting of Macedonian GDP: 1) ARIMA … model; 2) AR model estimated by the Kalman filter; 3) model that explains Macedonian GDP as a function of the foreign demand …; 4) small structural model that links GDP components to a small set of explanatory variables; 5) static factor model that …

German GDP. Our recursive out-of-sample forecast evaluation results reveal that our framework is able to generate forecasts …

We present a comprehensive disaggregate approach for short-term forecasting economic activity in Germany by explicitly … taking into account the supply or production side and the demand side of GDP. The GDP figures calculated by the two sides … usually yield different results and the official GDP release is somewhere in between. We make use of this statistical …