Luciani, Matteo; Ricci, Lorenzo - In: International Journal of Central Banking 10 (2014) 4, pp. 215-248
We produce predictions of Norwegian GDP. To this end, we estimate a Bayesian dynamic factor model on a panel of fourteen variables (all followed closely by market operators) ranging from 1990 to 2011. By means of a pseudo real-time exercise, we show that the Bayesian dynamic factor model...