Quantifying the qualitative responses of the output purchasing managers index in the US and the Euro area
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- Schnatz, Bernd & D'Agostino, Antonello, 2012. "Survey-based nowcasting of US growth: a real-time forecast comparison over more than 40 years," Working Paper Series 1455, European Central Bank.
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- Gabe J. Bondt & Stefano Schiaffi, 2015. "Confidence Matters for Current Economic Growth: Empirical Evidence for the Euro Area and the United States," Social Science Quarterly, Southwestern Social Science Association, vol. 96(4), pages 1027-1040, December.
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More about this item
Keywords
Carlson-Parkin method; diffusion index; forecasting; ISM; PMI; purchasing managers’ surveys; qualitative response data;All these keywords.
JEL classification:
- C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
- E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2012-07-08 (Business Economics)
- NEP-EEC-2012-07-08 (European Economics)
- NEP-FOR-2012-07-08 (Forecasting)
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