New York FED Staff Nowcasts and Reality: What Can We Learn about the Future, the Present, and the Past?
We assess the forecasting performance of the nowcasting model developed at the New York FED. We show that the observation regarding a striking difference in the model’s predictive ability across business cycle phases made earlier in the literature also applies here. During expansions, the nowcasting...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-03-01
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| Series: | Econometrics |
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| Online Access: | https://www.mdpi.com/2225-1146/9/1/11 |