RT Generic
T1 Model based measures of contemporaneous economic growth
A1 Espasa, Antoni
A1 Cancelo, José Ramón
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB In short term economic reports the use of different growth rate measures is misleading. This paper studies the question of using an unique measure -underlying growth-, which should be smoothed and in phase with the monthly increments of thecorresponding variable. All possible solutions require the use of forecasts at the end of the sample. The paper proposes the use of models to obtain forecasts¡ then the contemporaneous underlying growth is a model based measure. An evaluation of the effects of the last innovations in the underlying growth can be obtained by comparing its last estimation with previous one. An example of its application, based on inflation analysis, is presented.
SN 2340-5031
YR 1991
FD 1991-07
LK https://hdl.handle.net/10016/2809
UL https://hdl.handle.net/10016/2809
LA eng
DS e-Archivo
RD 30 abr. 2024