Details
- Publication date
- 14 December 2022
Description
In economics, nowcasting tools are becoming increasingly popular in the real-time prediction of
macroeconomic aggregates such as industrial production, gross domestic product (GDP) and inflation, mainly from Central Bank’s research offices. The objective of this research note is to extend these methods (i.e., nowcasting tools) to the Italian LM analysis. As the Italian economy displays one of the most heterogeneous LM structures in the EU (huge differences between the north and the south of the country), we believe that the Italian economy can be challenging and vital for testing our methodological strategy.
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Files
Nowcasting – developing the sources and methods to improve high-frequency labour market forecasting