| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19650 |
| 来源ID | Working Paper 19650 |
| Distilling the Macroeconomic News Flow | |
| Alessandro Beber; Michael W. Brandt; Maurizio Luisi | |
| 发表日期 | 2013-11-14 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We propose a simple cross-sectional technique to extract daily factors from economic news released at different times and frequencies. Our approach can effectively handle the large number of different announcements that are relevant for tracking current economic conditions. We apply the technique to extract real-time measures of inflation, output, employment, and macroeconomic sentiment, as well as corresponding measures of disagreement among economists about these indices. We find that our procedure provides more timely and accurate forecasts of future changes in economic conditions than other real-time forecasting approaches. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Business Cycles ; Money and Interest Rates ; Financial Economics |
| URL | https://www.nber.org/papers/w19650 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577324 |
| 推荐引用方式 GB/T 7714 | Alessandro Beber,Michael W. Brandt,Maurizio Luisi. Distilling the Macroeconomic News Flow. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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