Real-time measurement of business conditions / S. Boragan Aruoba, Francis X. Diebold, Chiara Scotti.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14349.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2008Description: [6], 23 p. : ill. ; 22 cmSubject(s): Business cycles -- MeasurementLOC classification: HB1 | .N38 no. 14349Online resources: Click here to access online Summary: We construct a framework for measuring economic activity at high frequency, potentially in real time. We use a variety of stock and flow data observed at mixed frequencies (including very high frequencies), and we use a dynamic factor model that permits exact filtering. We illustrate the framework in a prototype empirical example and a simulation study calibrated to the example.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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Book
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University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no. 14349 (Browse shelf (Opens below)) | 1 | Available | 0013119326 |
Includes bibliographical references (p. 19-21).
We construct a framework for measuring economic activity at high frequency, potentially in real time. We use a variety of stock and flow data observed at mixed frequencies (including very high frequencies), and we use a dynamic factor model that permits exact filtering. We illustrate the framework in a prototype empirical example and a simulation study calibrated to the example.
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