Evaluating the Role of Global Factors in GDP Nowcasting

Анализ важности глобальных факторов для наукастинга ВВП

Konstantin S. Rybak
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Konstantin S. Rybak: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2023, issue 12, 18-23

Abstract: This work shows that use of more than two global factors in standard factor-augmented model leads to significantly better nowcasts of Russian GDP growth rate. Global inflation and nominal factors are available for estimation almost in real-time which leads to earlier and better nowcasts.

Keywords: GDP nowcasting; factor model (search for similar items in EconPapers)
JEL-codes: C38 C53 C82 E27 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:r2399

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