Combined nowcasts can improve GDP estimates – paper
Paper compares performance of nowcast models in estimating GDP from 2016–2015
Combining nowcast models could produce better estimates of quarterly GDP figures, a working paper published by the Central Bank of Argentina has found.
In their paper, authors Emilio Blanco, Laura D’Amato, Fiorella Dogliolo and Lorena Garegnani, compare the ability of three different nowcast models to predict quarterly GDP growth in Argentina between 2006 and 2017.
“The task is particularly challenging because the economy was subject to several shocks over these years, including two sharp
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