Uncertain Kingdom: Nowcasting Gross Domestic Product and its revisions
نویسندگان
چکیده
We propose a release-augmented dynamic factor model (RA-DFM) that allows to quantify the role of country's data flow in nowcasting both early Gross Domestic Product (GDP) releases and subsequent revisions official estimates. use RA-DFM study UK GDP revision rounds assemble comprehensive novel mixed-frequency dataset features 12 years real-time vintages. The improves over standard DFM real time when forecasting first release each quarter. Economic survey help predict round.
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2021
ISSN: ['1099-1255', '0883-7252']
DOI: https://doi.org/10.1002/jae.2845