Introducing the Euro-Sting: Short Term Indicator of Euro Area Growth
Autonomous University of Barcelona - Department of Economics; Universidad de Murcia - Departamento de Metodos Cuantitativos
Bank of Spain
Banco de España Working Paper No. 0807
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.
Number of Pages in PDF File: 45
Keywords: business cycles, output growth, time series
JEL Classification: E32, C22, E27working papers series
Date posted: April 30, 2008
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