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Journal article

Nowcasting is not just contemporaneous forecasting

Abstract:

We consider the reasons for nowcasting, the timing of information and sources thereof, especially contemporaneous data, which introduce different aspects compared to forecasting. We allow for the impact of location shifts inducing nowcast failure and nowcasting during breaks, probably with measurement errors. We also apply a variant of the nowcasting strategy proposed in Castle and Hendry (2009) to nowcast Euro Area GDP growth. Models of disaggregate monthly indicators are built by automatic ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1177/0027950109354412

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
EMOD
Role:
Author
Publisher:
SAGE Publications Publisher's website
Journal:
National Institute Economic Review Journal website
Issue:
1
Publication date:
2009-10-01
DOI:
EISSN:
1741-3036
ISSN:
0027-9501
Source identifiers:
296724
Keywords:
Pubs id:
pubs:296724
UUID:
uuid:00c972f5-0621-4209-954a-627dceecf1c5
Local pid:
pubs:296724
Deposit date:
2016-12-16

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