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; V., Piana; Scippacercola, Sergio. - In: PROCEDIA ECONOMICS AND FINANCE. - ISSN 2212-5671. - 17:(2014), pp. 138-146. [10.1016/S2212-5671(14)00888-0]
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
