Share
Finance and Economics Discussion Series: Nowcasting Gdp and Inflation: The Real-Time Informational Content of Macroeconomic Data Releases (in English)
United States Federal Reserve Board
(Author)
·
Domenico Giannone
(Author)
·
Bibliogov
· Paperback
Finance and Economics Discussion Series: Nowcasting Gdp and Inflation: The Real-Time Informational Content of Macroeconomic Data Releases (in English) - United States Federal Reserve Board ; Et Al ; Giannone, Domenico
$ 13.26
$ 15.75
You save: $ 2.49
Choose the list to add your product or create one New List
✓ Product added successfully to the Wishlist.
Go to My WishlistsIt will be shipped from our warehouse between
Monday, July 08 and
Tuesday, July 09.
You will receive it anywhere in United States between 1 and 3 business days after shipment.
Synopsis "Finance and Economics Discussion Series: Nowcasting Gdp and Inflation: The Real-Time Informational Content of Macroeconomic Data Releases (in English)"
This paper formalizes the process of updating the nowcast and forecast on output and inflation as new releases of data become available. The marginal contribution of a particular release for the value of the signal and its precision is evaluated by computing "news" on the basis of an evolving conditioning information set. The marginal contribution is then split into what is due to timeliness of information and what is due to economic content. We find that the Federal Reserve Bank of Philadelphia surveys have a large marginal impact on the nowcast of both inflation variables and real variables, and this effect is larger than that of the Employment Report. When we control for timeliness of the releases, the effect of hard data becomes sizeable. Prices and quantities affect the precision of the estimates of inflation, while GDP is affected only by real variables and interest rates.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
All books in our catalog are Original.
The book is written in English.
The binding of this edition is Paperback.
✓ Producto agregado correctamente al carro, Ir a Pagar.
