A new nowcasting technique is coupled with a quality-oriented analysis of GDP to provide a tracking tool for policies and innovations introduced by policymakers. GDP is split into quality and non-quality components in a certain reference year, then nowcasting techniques are employed to provide an estimation of the current evolution. As new monthly data are available, re-estimation can be performed, with policy-makers being given timely feedback on their actions. Data on Italy and an educated guess for Euro-zone are produced.

Evaluating the Current Evolution of GDP towards Quality

FRENDA, Antonio;SCIPPACERCOLA, SERGIO
2014

Abstract

A new nowcasting technique is coupled with a quality-oriented analysis of GDP to provide a tracking tool for policies and innovations introduced by policymakers. GDP is split into quality and non-quality components in a certain reference year, then nowcasting techniques are employed to provide an estimation of the current evolution. As new monthly data are available, re-estimation can be performed, with policy-makers being given timely feedback on their actions. Data on Italy and an educated guess for Euro-zone are produced.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/597462
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