Forecasting Foreign Economic Growth Using Cross-Country Data

Craig Hakkio and Jun Nie

No RWP 18-14, Research Working Paper from Federal Reserve Bank of Kansas City

Abstract: We construct a monthly measure of foreign economic growth based on a wide range of cross-county indicators. Unlike GDP data, which are normally released with a delay of one to two quarters in most countries, our monthly measure incorporates monthly information up to the current month. As new information arrives, this measure of foreign growth can be updated as frequently as daily. This monthly measure of foreign growth not only helps gauge the economic conditions in other countries but also provides a timely measure of foreign demand to help forecast U.S. export growth.

JEL-codes: E17 F17 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2018-12-01
New Economics Papers: this item is included in nep-for and nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kansascityfed.org/documents/455/pdf-Fo ... s-Country%20Data.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedkrw:rwp18-14

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Research Working Paper from Federal Reserve Bank of Kansas City Contact information at EDIRC.
Bibliographic data for series maintained by Zach Kastens ().