Google data can underpin eurozone GDP nowcasts – Banque de France paper

Researchers say method is particularly useful when official data is unavailable

Google-GettyImages

Internet search engine data can enable nowcasting of economic growth when official figures are unavailable, a working paper published by the Banque de France finds.

In When are Google data useful to nowcast GDP? An approach via pre-selection and shrinkage, Laurent Ferrara and Anna Simoni use what they call a large database of Google search data. They attempt to quantify how accurate this data is in nowcasting GDP growth for the eurozone.

The authors use what they call a “deliberately extremely

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.