Template-type: ReDIF-Article 1.0
Author-Name: Konstantin S. Rybak
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Evaluating the Role of Global Factors in GDP Nowcasting
Title: Анализ важности глобальных факторов для наукастинга ВВП
Abstract: This work shows that use of more than two global factors in standard factor-augmented model leads to significantly better nowcasts of Russian GDP growth rate. Global inflation and nominal factors are available for estimation almost in real-time which leads to earlier and better nowcasts.
Keywords: GDP nowcasting, factor model
Classification-JEL: C53, C82, C38, E27
Journal: Russian Economic Developments
Year: 2023
Issue: 12
Month: December
Pages: 18-23
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2399.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2399