New Indicators for Tracking Growth in Real Time Troy Matheson

ISBN: 9781283557153

Published: February 1st 2011

ebook

24 pages


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New Indicators for Tracking Growth in Real Time  by  Troy Matheson

New Indicators for Tracking Growth in Real Time by Troy Matheson
February 1st 2011 | ebook | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 24 pages | ISBN: 9781283557153 | 6.19 Mb

We develop monthly indicators for tracking growth in 32 advanced and emerging-market economies. We test the historical performance of our indicators and find that they do a good job at describing the business cycle. In a recursive out-of-sampleMoreWe develop monthly indicators for tracking growth in 32 advanced and emerging-market economies.

We test the historical performance of our indicators and find that they do a good job at describing the business cycle. In a recursive out-of-sample forecasting exercise, we find that the indicators generally produce good GDP growth forecasts relative to a range of time series models.



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