We tackle the nowcasting problem at the regional level using a large set of indicators (regional, national and … useful information for the prediction of regional GDP in Saxony. Unlike national GDP forecasts, the performance of regional … GDP is similar across different information sets within a quarter. …

We tackle the nowcasting problem at the regional level using a large set of indicators (regional, national and … useful information for the prediction of regional GDP in Saxony. Unlike national GDP forecasts, the performance of regional … GDP is similar across different information sets within a quarter. …

In this paper we use U.S. real-time vintage data and produce combined density nowcasts for quarterly GDP growth from a … of the predictive densities for U.S. GDP increase almost monotonically as new information arrives during the quarter …

In this paper we use U.S. real-time vintage data and produce combined density nowcasts for quarterly GDP growth from a … of the predictive densities for U.S. GDP increase almost monotonically as new information arrives during the quarter …

mixed-data sampling (MIDAS) regressions. We consider both classical and unrestricted MIDAS regressions with and without an … autoregressive component. First, we compare the forecasting performance of the different MIDAS models in Monte Carlo simulation …. Some differences are instead more evident when the persistence is high, for which the ARMIDAS and the AR-U-MIDAS produce …

We analyze the performance of a broad range of nowcasting and short-term forecasting models for a representative set of … indicators that come from a comparable set of identical data. We show that nowcasting works well for the new EU countries because …, although that variability in their GDP growth data is larger than that of the old EU economies, the economic significance of …

estimation accuracy. Modestly increasing the noise level also accelerates convergence. A nowcasting exercise of euro area GDP …-noise dynamic factor models, commonly used in macroeconomic forecasting and nowcasting. We show analytically and in Monte Carlo …

nowcasting. The second novelty consists of a methodology to merge an enormous amount of non-encompassing data with a large … nowcasting Gross Domestic Product and draw lessons for dealing with possible future crises. …