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연구정보

[정책] Back to the Present: Learning about the Euro Area through a Now-casting Model

중동부유럽 일반 국외연구자료 연구보고서 - FRB 발간일 : 2021-03-17 등록일 : 2021-09-05 원문링크

We build a model for simultaneously now-casting economic conditions in the euro area and its three largest member countries|Germany, France, and Italy. The model formalizes how market participants and policymakers monitor the euro area by incorporating all market moving indicators in real time. We find that area wide and country-specific data provide informative signals to now-cast the economic conditions in the euro area and member countries. The model provides accurate predictions of economic conditions in real time over a period that covers the past three recessions.

본 페이지에 등재된 자료는 운영기관(KIEP)EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.

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