Real-Time Tests of the Leading Economic Index [E-Book]: Do Changes in the Index Composition Matter? / Robert H. McGuckin and Ataman Ozyildirim
McGuckin, Robert H..
Ozyildirim, Ataman.
Paris : OECD Publishing, 2004
21 p.
Full Text
LEADER 01534naa a22002778i 4500
001 ZB01593
003 OECD iLibrary
008 121101s2004 fr o i|0| 0 eng d
024 7 |a 10.1787/jbcma-v2004-art11-en  |2 doi 
035 |a (Sirsi) a488480 
041 |a eng 
100 1 |a McGuckin, Robert H.. 
245 1 0 |a Real-Time Tests of the Leading Economic Index  |h [E-Book]:  |b Do Changes in the Index Composition Matter? /  |c Robert H. McGuckin and Ataman Ozyildirim 
264 |a Paris :  |b OECD Publishing,  |c 2004  |e (OECD iLibrary) 
300 |a 21 p. 
336 |a Text   |b txt   |2 rdacontent 
337 |a Computermedien   |b c   |2 rdamedia 
338 |a Online-Ressource   |b cr   |2 rdacarrier 
500 |a englisch 
520 3 |a In an important paper, Diebold and Rudebusch (1991) find that, despite good performance for post revision historical versions, the U.S. Index of Leading Economic Indicators (LEI) fails to improve forecasts in real time out-of-sample tests. This paper revisits the issue of real-time performance of the LEI using growth rate forecast specifications. We contrast real-time out-of-sample tests of LEI forecasts using „composition-changing" or „as-published" versions of the LEI with those based on „composition-constant" indexes. The goal is ... 
653 |a Economics 
700 1 |a Ozyildirim, Ataman. 
856 4 0 |u  |z Volltext 
915 |a zzwFZJ3 
596 |a 1 
949 |a XX(488480.1)  |w AUTO  |c 1  |i 488480-1001  |l ELECTRONIC  |m ZB  |r N  |s Y  |t E-BOOK  |u 5/2/2016  |x UNKNOWN  |z UNKNOWN  |1 ONLINE