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Real-time measurement of business conditions
S. Boragan Aruoba () and
Francis X. Diebold
Working Papers from Federal Reserve Bank of Philadelphia
We construct a framework for measuring economic activity at high frequency, potentially in real time. We use a variety of stock and flow data observed at mixed frequencies (including very high frequencies), and we use a dynamic factor model that permits exact filtering. We illustrate the framework in a prototype empirical example and a simulation study calibrated to the example.
Keywords: Business; conditions (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-ecm, nep-ets, nep-mac and nep-rmg
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Downloads: (external link) http://www.philadelphiafed.org/research-and-data/p ... ers/2008/wp08-19.pdf (application/pdf)
Related works: Journal Article: Real-Time Measurement of Business Conditions (2009) Working Paper: Real-Time Measurement of Business Conditions (2008) Working Paper: Real-time measurement of business conditions (2007) Working Paper: Real-Time Measurement of Business Conditions (2007) Working Paper: Real-Time Measurement of Business Conditions (2006) This item may be available elsewhere in EconPapers: Search for items with the same title.
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