Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "real time analysis"
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Estimating the Output Gap in Real Time: A Factor Model Approach
(Working Papers;23/2008, Working paper, 2008)An approximate dynamic factor model can substantially improve the reliability of real time output gap estimates. The model extracts a common component from macroeconomic indicators, which reduces errors in the gap due to ...