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ifoCAST: The New Forecast Standard of the ifo Institute

Author

Listed:
  • Robert Lehmann
  • Magnus Reif
  • Timo Wollmershäuser

Abstract

In 2009, the ifo Institute presented a forecasting tool called IFOCAST – a portmanteau of ifo and forecast – for assessing economic development at the current point in time. Now, the ifo Institute is moving its forecast architecture to a new standard based on the development of economic literature over the past ten years. Starting now, the ifo Institute will estimate and forecast the current German gross domestic product under the new brand, ifoCAST, and will regularly release the results to the public.

Suggested Citation

  • Robert Lehmann & Magnus Reif & Timo Wollmershäuser, 2020. "ifoCAST: The New Forecast Standard of the ifo Institute," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(11), pages 31-39, November.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:11:p:31-39
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    References listed on IDEAS

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    Cited by:

    1. Timo Wollmershäuser & Marcell Göttert & Christian Grimme & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Manuel Menkhoff & Sascha Möhrle & Ann-Christin Rathje & Magnus Reif & Pauliina Sandqv, 2020. "ifo Economic Forecast Winter 2020: The Coronavirus Strikes Back – Another Lockdown Slows the Economy for a Second Time," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(Sonderaus), pages 03-61, December.

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    More about this item

    Keywords

    Bruttoinlandsprodukt; Prognoseverfahren; ifoCAST;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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