Do Ifo Indicators Help Explain Revisions in German Industrial Production?

Jacobs, Jan P. A. M.; Sturm, Jan-Egbert

doi:10.2139/ssrn.556694

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Do Ifo Indicators Help Explain Revisions in German Industrial Production?

36 Pages Posted: 12 Jul 2004

See all articles by Jan P. A. M. Jacobs

Jan P. A. M. Jacobs

University of Groningen - Faculty of Economics and Business

Jan-Egbert Sturm

KOF Swiss Economic Institute, ETH Zurich; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: May 2004

Abstract

This paper studies the information content of some Ifo indicators. In particular, we investigate whether two Ifo indicators, one on the current business situation, the other on current production development, provide information on revisions of German industrial production. A new feature of our analysis is the construction and use of a real-time dataset. We conclude that the Ifo indicators play a role in explaining revisions, but counterintuitively the business situation indicator performs better than the production indicator.

Keywords: Ifo business survey indicators, German industrial production, real-time analysis, data revision

JEL Classification: C22, C53, C82

Suggested Citation: Suggested Citation

Jacobs, Jan P.A.M. and Sturm, Jan-Egbert, Do Ifo Indicators Help Explain Revisions in German Industrial Production? (May 2004). Available at SSRN: https://ssrn.com/abstract=556694 or http://dx.doi.org/10.2139/ssrn.556694