Garnitz, Johanna; Lehmann, Robert; Wohlrabe, Klaus - In: Applied Economics 51 (2019) 54, pp. 5802-5816
, we use a free and instantaneous available source of leading indicators, the ifo World Economic Survey (WES), to forecast … the major WES indicators produces on average lower forecast errors compared to a benchmark model. Second, the most … months. And third, adding the WES indicators of the main trading partners leads to a further increase in forecast accuracy in …