Do daily lead texts help nowcasting GDP growth?
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- Marc Burri & Daniel Kaufmann & Nima Ostovan, 2024. "AI in economic research: A guide for students and instructors," IRENE Policy Reports 24-03, IRENE Institute of Economic Research.
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More about this item
Keywords
Mixed-frequency data; composite leading indicator; news sentiment; recession; natural language processing; nowcasting;All these keywords.
JEL classification:
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BIG-2023-08-21 (Big Data)
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