Blar i Arbeidsnotater / Working Papers på forfatter "Trovik, Tørres G."
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Estimating the Output Gap in Real Time: A Factor Model Approach
Aastveit, Knut Are; Trovik, Tørres G. (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 ... -
Nowcasting Norwegian GDP: The Role of Asset Prices in a Small Open Economy
Aastveit, Knut Are; Trovik, Tørres G. (Working Papers;9/2007, Working paper, 2007)This paper finds that asset prices on Oslo Stock Exchange is the single most important block of data to improve estimates of current quarter GDP in Norway. Other important blocks of data are labor market data and industrial ...