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Bank of Canada RSS Feedsen2024-03-28T20:31:11+00:00Real-Time Nowcasting of Nominal GDP Under Structural Breaks
https://www.bankofcanada.ca/2014/09/working-paper-2014-39/
This paper provides a framework for the early assessment of current U.S. nominal GDP growth, which has been considered a potential new monetary policy target. The nowcasts are computed using the exact amount of information that policy-makers have available at the time predictions are made. However, real-time information arrives at different frequencies and asynchronously, which poses challenges of mixed frequencies, missing data and ragged edges.2014-09-04T15:19:41+00:00enReal-Time Nowcasting of Nominal GDP Under Structural Breaks2014-09-04Business fluctuations and cyclesEconometric and statistical methodsInflation and pricesWorking Paper 2014-39https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-39.pdfReal-Time Nowcasting of Nominal GDP Under Structural BreaksWilliam A. BarnettMarcelle ChauvetDanilo Leiva-LeonSeptember 2014CC3C32EE2E27E3E31E32