Artikel
Nowcasting quarterly GDP dynamics in the euro area: The role of sentiment indicators
The paper compares the most closely watched sentiment indicators with respect to their ability to nowcast quarterly GDP dynamics in the Euro Area and its biggest economies. We analyse cross-correlations and out-of-sample forecast errors generated from equations estimated by rolling regressions in fixed-length window. The results show that models employing PMI Composite perform best in the cases of the Euro Area, Germany, France and Italy, whilst Spanish GDP dynamics is best nowcasted using ESI-based models. PMI-based models generate the most accurate nowcasts at the beginning of the quarter, as well as during periods of high volatility of GDP growth rates
- Sprache
-
Englisch
- Erschienen in
-
Journal: Comparative Economic Research. Central and Eastern Europe ; ISSN: 2082-6737 ; Volume: 17 ; Year: 2014 ; Issue: 2 ; Pages: 5-23 ; Warsaw: De Gruyter
- Klassifikation
-
Wirtschaft
- Thema
-
nowcasting
sentiment indicators
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gajewski, Paweł
- Ereignis
-
Veröffentlichung
- (wer)
-
De Gruyter
- (wo)
-
Warsaw
- (wann)
-
2014
- DOI
-
doi:10.2478/cer-2014-0011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Gajewski, Paweł
- De Gruyter
Entstanden
- 2014
Ähnliche Objekte (12)
Nowcasting euro area GDP with news sentiment: A tale of two crises
Nowcasting of Russian GDP growth
Nowcasting GDP with electronic payments data
GDPNow: A model for GDP "nowcasting"
Nowcasting Canadian GDP with density combinations
Nowcasting private consumption with TV sentiment
Nowcasting East German GDP growth: A MIDAS approach
Nowcasting Bosnia and Herzegovina GDP in Real Time
Do daily lead texts help nowcasting GDP growth?
A factor model approach to nowcasting Danish GDP
Nowcasting GDP with a large factor model space
Nowcasting modified domestic demand using monthly indicators
Nowcasting euro area GDP with news sentiment: A tale of two crises
Nowcasting of Russian GDP growth
Nowcasting GDP with electronic payments data
GDPNow: A model for GDP "nowcasting"
Nowcasting Canadian GDP with density combinations
Nowcasting private consumption with TV sentiment
Nowcasting East German GDP growth: A MIDAS approach
Nowcasting Bosnia and Herzegovina GDP in Real Time
Do daily lead texts help nowcasting GDP growth?
A factor model approach to nowcasting Danish GDP
Nowcasting GDP with a large factor model space
Nowcasting modified domestic demand using monthly indicators
Nowcasting euro area GDP with news sentiment: A tale of two crises
Nowcasting of Russian GDP growth
Nowcasting GDP with electronic payments data
GDPNow: A model for GDP "nowcasting"
Nowcasting Canadian GDP with density combinations
Nowcasting private consumption with TV sentiment
Nowcasting East German GDP growth: A MIDAS approach
Nowcasting Bosnia and Herzegovina GDP in Real Time
Do daily lead texts help nowcasting GDP growth?
A factor model approach to nowcasting Danish GDP
Nowcasting GDP with a large factor model space