Spanish economists adapt model on business cycle conditions to forecast growth
Research presents model to forecast GDP growth in real time
A working paper published last week by the Bank of Spain builds on existing research to create a model capable of forecasting GDP growth in real time.
In Real-time forecasting US GDP from small-scale factor models, Máximo Camacho and Jaime Martínez-Martín find that a model developed by Aruoba and Diebold to construct an index of US business cycle conditions is "also very useful for forecasting US GDP growth in real time".
The authors adapt the model to include survey data and financial
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