Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
981246 | Procedia Economics and Finance | 2014 | 9 Pages |
Abstract
A new nowcasting technique is coupled with a quality-oriented analysis of GDP to provide a tracking tool for policies and innovations introduced by policymakers. GDP is split into quality and non-quality components in a certain reference year, then nowcasting techniques are employed to provide an estimation of the current evolution. As new monthly data are available, re-estimation can be performed, with policy-makers being given timely feedback on their actions. Data on Italy and an educated guess for Euro-zone are produced.
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