The composite index of leading economic indicators how to make it more timely

The composite index of leading economic indicators how to make it more timely

A major shortcoming of the U.S. leading index is that it does not use the most recent information for stock prices and yield spreads. The index methodology ignores these data in favor of a time-consistent set of components (i.e., all of the components must refer to the previous month). An alternati...

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Main Authors: McGuckin, Robert H. (Author), Ozyildirim, Ataman (Author), Zarnowitz, Victor (Author)
Format: Knjiga
Jezik:English
Izdano: Cambridge National Bureau of Economic Research 2001.
Serija:NBER working paper series no.8430
Teme:
Economic indicators > United States.
Economic forecasting > United States.
United States > Economic policy.
Online dostop:Download full text here