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Introducing the EURO-STING: Short Term INdicator of Euro Area Growth

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Author Info

  • Maximo Camacho

    ()
    (Universidad de Murcia)

  • Gabriel Perez-Quiros

    ()
    (Banco de España)

Abstract

We propose a model to compute short-term forecasts of the Euro area GDP growth in real-time. To allow for forecast evaluation, we construct a real-time data set that changes for each vintage date and includes the exact information that was available at the time of each forecast. In this context, we provide examples that show how data revisions and data availability affect point forecasts and forecast uncertainty.

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File URL: http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosTrabajo/08/Fic/dt0807e.pdf
File Function: First version, April 2008
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Bibliographic Info

Paper provided by Banco de Espa�a in its series Banco de Espa�a Working Papers with number 0807.

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Length: 45 pages
Date of creation: Apr 2008
Date of revision:
Handle: RePEc:bde:wpaper:0807

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Keywords: business cycles; output growth; time series;

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