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challenge for economists. The International Monetary Fund proposes within its periodic World Economic Outlook report a measure …-frequency information. Pseudo real-time results show that this approach provides reliable and timely nowcasts of the world GDP annual growth …
Persistent link: https://www.econbiz.de/10013045125
investigates whether high-frequency data can also improve the nowcasting performances for world GDP growth on quarterly or annual … representing 68% of world GDP. Our approach builds on a Factor-Augmented MIxed DAta Sampling (FA-MIDAS) which allows us to take … outperform them during “crisis” episodes (2008-2009 and 2020). We finally construct a nowcasting model of annual world GDP growth …
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This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10013110732
This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the...
Persistent link: https://www.econbiz.de/10013300855
to fluctuations in the world price of crude oil, especially when the country still depends largely on imported crude oil …
Persistent link: https://www.econbiz.de/10013022711