Introducing the Euro-Sting: Short Term Indicator of Euro Area Growth

45 Pages Posted: 30 Apr 2008

See all articles by Maximo Camacho

Maximo Camacho

Autonomous University of Barcelona - Department of Economics; Universidad de Murcia - Departamento de Metodos Cuantitativos

Gabriel Perez-Quiros

Banco de España

Multiple version iconThere are 2 versions of this paper

Date Written: 04/30/2008

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.

Keywords: business cycles, output growth, time series

JEL Classification: E32, C22, E27

Suggested Citation

Camacho, Maximo and Perez-Quiros, Gabriel, Introducing the Euro-Sting: Short Term Indicator of Euro Area Growth (04/30/2008). Banco de España Working Paper No. 0807, Available at SSRN: https://ssrn.com/abstract=1127162 or http://dx.doi.org/10.2139/ssrn.1127162

Maximo Camacho (Contact Author)

Autonomous University of Barcelona - Department of Economics ( email )

Avda. Diagonal 690
Barcelona, 08034
Spain

Universidad de Murcia - Departamento de Metodos Cuantitativos ( email )

Campus de Espinardo
30100 Murcia
Spain
+34 968 367 982 (Phone)

Gabriel Perez-Quiros

Banco de España ( email )

Madrid 28014
Spain

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