New Indicators for Tracking Growth in Real Time
Author | : Mr.Troy Matheson |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 2011-02-01 |
ISBN-10 | : 9781455218998 |
ISBN-13 | : 1455218995 |
Rating | : 4/5 (98 Downloads) |
Book Synopsis New Indicators for Tracking Growth in Real Time by : Mr.Troy Matheson
Download or read book New Indicators for Tracking Growth in Real Time written by Mr.Troy Matheson and published by International Monetary Fund. This book was released on 2011-02-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop monthly indicators for tracking growth in 32 advanced and emerging-market economies. We test the historical performance of our indicators and find that they do a good job at describing the business cycle. In a recursive out-of-sample forecasting exercise, we find that the indicators generally produce good GDP growth forecasts relative to a range of time series models.