Introducing the EURO-STING: Short Term INdicator of Euro Area Growth

Maximo Camacho () and Perez-Quiros, Gabriel ()
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Perez-Quiros, Gabriel: Banco de España
Authors registered in the RePEc Author Service: Gabriel Perez Quiros

No 807, Banco de España Working Papers from Banco de España

Abstract: We propose a model to compute short-term forecasts of the Euro area GDP growth in real-time. To allow for forecast evaluation, we construct a real-time data set that changes for each vintage date and includes the exact information that was available at the time of each forecast. In this context, we provide examples that show how data revisions and data availability affect point forecasts and forecast uncertainty.

Keywords: business cycles; output growth; time series (search for similar items in EconPapers)
JEL-codes: E32 C22 E27 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-eec, nep-for and nep-mac
Date: 2008-04
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Related works:
Working Paper: Introducing the Euro-STING: Short-Term Indicator of Euro Area Growth (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:bde:wpaper:0807

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