Forecasting and nowcasting macroeconomic variables: a methodological overview

We consider the reasons for nowcasting, how nowcasts can be achieved, and the use and timing of information. The existence of contemporaneous data such as surveys is a major difference from forecasting, but many of the recent lessons about forecasting remain relevant. Given the extensive disaggreg...

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Hlavní autoři: Castle, J, Hendry, D, Kitov, O
Médium: Working paper
Vydáno: University of Oxford 2013