real-time signal extraction; coincident indicator; multivariate direct filter approach

A New Real-Time Indicator for the Euro Area GDP

JEL codes: 
C13, C32, E32, E37
Version Date: 
Jul 2012

The paper proposes a new real-time unrevised indicator tracking medium-to-long-term component in the quarterly growth of the euro area GDP. The new indicator is based on recently developed real-time filtration methodology, the multivariate direct filter approach, applied to selected business and consumer survey and share price data.

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