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paper, we compare their performance in a relevant case for policy making, i.e., nowcasting and forecasting quarterly GDP …
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We define nowcasting as the prediction of the present, the very near future and the very recent past. Crucial in this … collected at low frequency and published with long delays. Until recently, nowcasting had received very little attention by the … basis of simple models. We argue that the nowcasting process goes beyond the simple production of an early estimate as it …
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This paper documents GDPNow, a "nowcasting" model for gross domestic product (GDP) growth that synthesizes the "bridge …
Persistent link: https://www.econbiz.de/10010382060
Mixed frequency Bayesian vector autoregressions (MF-BVARs) allow forecasters to incorporate a large number of mixed frequency indicators into forecasts of economic activity. This paper evaluates the forecast performance of MF-BVARs relative to surveys of professional forecasters and investigates...
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