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- W3146033967 abstract "This paper evaluates the predictive content of a set of alternative monthly indicators of global economic activity for nowcasting and forecasting quarterly world GDP using mixed-frequency models. We find that a recently proposed indicator that covers multiple dimensions of the global economy consistently produces substantial improvements in forecast accuracy, while other monthly measures have more mixed success. This global economic conditions indicator contains valuable information also for assessing the current and future state of the economy for a set of individual countries and groups of countries. We use this indicator to track the evolution of the nowcasts for the US, the OECD area, and the world economy during the coronavirus pandemic and quantify the main factors driving the nowcasts." @default.
- W3146033967 created "2021-04-13" @default.
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- W3146033967 date "2020-01-01" @default.
- W3146033967 modified "2023-10-16" @default.
- W3146033967 title "A Comparison of Monthly Global Indicators for Forecasting Growth" @default.
- W3146033967 doi "https://doi.org/10.2139/ssrn.3724071" @default.
- W3146033967 hasPublicationYear "2020" @default.
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