article · Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles) · 2014

Nowcasting norway

Luciani, Matteo, Ricci, Lorenzo

Cited by 0Abstract and details only

Abstract

We produce predictions of Norwegian GDP. To this end, we estimate a Bayesian dynamic factor model on a panel of fourteen variables (all followed closely by market operators) ranging from 1990 to 2011. By means of a pseudo real-time exercise, we show that the Bayesian dynamic factor model performs well both in terms of point forecast and in terms of density forecasts. Results indicate that our model outperforms standard univariate benchmark models, that it performs as well as the Bloomberg survey, and that it outperforms the predictions published by the Norges Bank in its Monetary Policy Report.

Cite this paper

APA 7

Luciani, M., & Ricci, L. (2014). Nowcasting norway. Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles).

MLA 9

Luciani, Matteo, and Lorenzo Ricci. “Nowcasting norway.” Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles), 2014.

Chicago

Luciani, Matteo, and Lorenzo Ricci. 2014. “Nowcasting norway.” Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles).

Harvard

Luciani, M. and Ricci, L. (2014) ‘Nowcasting norway’, Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles).

BibTeX

@article{luciani2014nowcasting,
  title = {{Nowcasting norway}},
  author = {Luciani, Matteo and Ricci, Lorenzo},
  journal = {Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles)},
  year = {2014}
}

Made from the index record. Check names, capitalisation and page numbers against the paper. Need another style? AI for Research has over 10,000.