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

  • Maximo Camacho

    ()

    (Universidad de Murcia)

  • Gabriel Perez-Quiros

    ()

    (Banco de España)

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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Paper provided by Banco de España & Working Papers Homepage in its series 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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Web page: http://www.bde.es/bde/en/secciones/informes/Publicaciones_se/docs/
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  26. Jacobs, Jan P.A.M. & van Norden, Simon, 2011. "Modeling data revisions: Measurement error and dynamics of "true" values," Journal of Econometrics, Elsevier, vol. 161(2), pages 101-109, April.
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