constructing diffusion indexes, propose a novel generalized diffusion index and apply it to the U.S. State Coincident Indexes … published by the Federal Reserve Bank of Philadelphia. We show that the proposed index is more informative and conclusive …, one of the unique properties of the generalized diffusion index is that it allows a consistent reading of the …

We have constructed a financial conditions index for Norway (FCIN). The FCIN offers a daily update on Norwegian … market and the housing market. The index is constructed by the use of principal component analysis and has an average value … financial conditions more broadly. The index is meant to complement monetary policy analyses and improve our assessments of …

Monetary conditions index (MCI) has become an important indicator of monetary policy performance since its introduction … by Bank of Canada in the 1990s. This is so, as the index allows central banks to gauge monetary policy stance and … constructing the index, we consider three operating targets, namely interest rate, exchange rate, and reserve money, currently in …

activity indicators using alternative high-frequency data created in the wake of the COVID-19 pandemic. The indicator is …