Skip navigation

Ñ-STING : España short term indicator of growth

Thumbnail
View
478,52 kB
Authors
Issue Date
2009
Physical description
29 p. : gráf.
Abstract
We develop a dynamic factor model to compute short term forecasts of the Spanish GDP growth in real time. With this model, we compute a business cycle index which works well as an indicator of the business cycle conditions in Spain. To examine its real time forecasting accuracy, we use real-time data vintages from 2008.02 through 2009.01. We conclude that the model exhibits good forecasting performance in anticipating the recent and sudden downturn
Publish on
Documentos de trabajo / Banco de España, 0912
Subjects
Appears in Collections:


loading