The paper compares the most closely watched sentiment indicators with respect to their ability to nowcast quarterly GDP dynamics in the Euro Area and its biggest economies. We analyse cross-correlations and out-of-sample forecast errors generated from equations estimated by rolling regressions...

This paper examines how economic indicators which are used for policy agreements in SACU explain and can be used to forecast the country member’s Gross Domestic Product. These indicators are the current account balance, the final consumption expenditure, the net trade in goods services and the...