Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/297297 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
ECB Working Paper No. 2857
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
Official estimates of economic growth are regularly revised and therefore forecasts for GDP growth are done on the basis of ever-changing data. The economic literature has intensively studied the properties of those revisions and their implications for forecasting models. However, it is much less known about the reasons for Statistical Agencies (SAs) to revise their estimates. In order to be timely and reliable, SAs have an explicit interest in not revising their initial GDP estimates too much, while they are much more open to revise GDP components over time. More than a curiosity, we exploit this resulting cross-correlation of GDP components revisions to build a model to better forecast GDP.
Schlagwörter: 
revisions
real-time data
news and noise
JEL: 
C01
C82
E01
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-6222-3
Dokumentart: 
Working Paper

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