Common sense tells that historical data are more informative for the estimation of today’s nowcasting models when observed in a similar economic state as today. We operationalise this intuition by proposing a state-based weighted estimation procedure of GDP nowcasting models, in which observations are weighted based on the similarity with the current economic state. For this end, we also construct new state variables for measuring the similarity of ec…
Publicatie - Studie, onderzoeksrapport, analyse
NBB Working Paper, 2023, 445: Nowcasting GDP through the lens of economic states
Oorspronkelijke titel: Nowcasting GDP through the lens of economic states
Bron: nbb.be
08-11-2023
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Digitaal in de collectie
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