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The Resource What Do the Leading Indicators Lead?

What Do the Leading Indicators Lead?

Label
What Do the Leading Indicators Lead?
Title
What Do the Leading Indicators Lead?
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Summary
The authors find that the composite leading index (CLI) is useful for forecasting gross national product (GNP), both in a sample and an out-of-sample real-time exercise. They propose a nonlinear specification in which cyclical shifts of the CLI precede those in GNP. However, the authors find that better forecasts are provided by a simple linear relation between current GNP growth along with an error-correction term corresponding to the previous quarter's logarithmic difference between the level of the CLI and the level of GNP
http://library.link/vocab/creatorName
Hamilton, James D
http://library.link/vocab/relatedWorkOrContributorName
Perez-Quiros, Gabriel
Label
What Do the Leading Indicators Lead?
Instantiates
Publication
Note
1127
Control code
ICPSR01127.v1
Governing access note
Access restricted to subscribing institutions
Label
What Do the Leading Indicators Lead?
Publication
Note
1127
Control code
ICPSR01127.v1
Governing access note
Access restricted to subscribing institutions

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