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Opening the Toolbox: The Nowcasting Code on GitHub

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Abstract

In April 2016, we unveiled--and began publishing weekly--the New York Fed Staff Nowcast, an estimate of GDP growth using an automated platform for tracking economic conditions in real time. Today we go a step further by publishing the MATLAB code for the nowcasting model, available here on GitHub, a public repository hosting service. We hope that sharing our code will make it easier for people interested in monitoring the macroeconomy to understand the details underlying the nowcast and to replicate our results.

Suggested Citation

  • Patrick Adams & Brandyn Bok & Daniele Caratelli & Domenico Giannone & Eric Qian & Argia M. Sbordone & Camilla Schneier & Andrea Tambalotti, 2018. "Opening the Toolbox: The Nowcasting Code on GitHub," Liberty Street Economics 20180810, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87269
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    Keywords

    nowcast; economic conditions;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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