The Toll Index: Innovation-Based Economic Telemetry

8 Pages Posted: 16 Jan 2012 Last revised: 20 Oct 2012

See all articles by Nikos Askitas

Nikos Askitas

IZA Institute of Labor Economics

Klaus F. Zimmermann

Global Labor Organization (GLO); UNU-MERIT; Maastricht University, Department of Economics; Free University Berlin; University of Bonn; Centre for Economic Policy Research (CEPR); Journal of Population Economics

Date Written: December 16, 2011

Abstract

We present the operationalized Toll Index, which is a new type of early indicator for the German business cycle. We present the basic idea and document the power of the indicator for the purpose of nowcasting. The data will be regularly available at the IDSC, the data bank center of IZA and will be accessible there through the homepage. We further emphasize several policy recommendations regarding data.

Keywords: ratswd, ratswd working paper, germany, policy, idsc, iza, nowcasting, toll index, MAUT, economic telemetry, secondary data use, data, reuse, indicator

JEL Classification: C82, E01, E32

Suggested Citation

Askitas, Nikos and Zimmermann, Klaus F., The Toll Index: Innovation-Based Economic Telemetry (December 16, 2011). RatSWD Working Paper No. 188, Available at SSRN: https://ssrn.com/abstract=1985989 or http://dx.doi.org/10.2139/ssrn.1985989

Nikos Askitas (Contact Author)

IZA Institute of Labor Economics ( email )

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HOME PAGE: http://www.iza.org/home/askitas

Klaus F. Zimmermann

Global Labor Organization (GLO) ( email )

Bonn
Germany

HOME PAGE: http://https://glabor.org/

UNU-MERIT ( email )

Keizer Karelplein 19
Maastricht, 6211TC
Netherlands

Maastricht University, Department of Economics ( email )

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Maastricht, 6200MD
Netherlands

University of Bonn

Postfach 2220
Bonn, D-53012
Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Journal of Population Economics

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D-69121 Heidelberg
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