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  • 标题:Now-casting and the real-time data flow
  • 本地全文:下载
  • 作者:Marta Bańbura ; Domenico Giannone ; Michele Modugno
  • 期刊名称:Euro Area Balance of Payments and International Investment Position Statistics
  • 印刷版ISSN:1830-3420
  • 电子版ISSN:1830-3439
  • 出版年度:2013
  • 出版社:European Central Bank
  • 摘要:The term now-casting is a contraction for now and forecasting and has been used for a long-time in meteorology and recently also in economics. In this paper we survey recent developments in economic now-casting with special focus on those models that formalize key features of how market participants and policy makers read macroeconomic data releases in real time, which involves: monitoring many data, forming expectations about them and revising the assessment on the state of the economy whenever realizations diverge sizeably from those expectations. (Prepared for G. Elliott and A. Timmermann, eds., Handbook of Economic Forecasting, Volume 2, Elsevier-North Holland).
  • 关键词:Macroeconomic News; Macroeconomic Forecasting; Real-Time Data; Mixed Fre-;quency; State Space Models.
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