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- Title
Peering into the present: the Bank's approach to GDP nowcasting.
- Authors
Anesti, Nikoleta; Hayes, Simon; Moreira, Andre; Tasker, James
- Abstract
The article focuses on the Bank of England's approach to gross domestic product (GDP) nowcasting or economic growth quarterly estimates and predictions for Great Britain. Topics discussed include the features of the GDP nowcasting models used by the Bank of England, the accuracy level of the models and their impact on the bank's judgmental estimates and the various ways of measuring uncertainty associated with nowcasting.
- Subjects
UNITED Kingdom; BANK of England; GROSS domestic product forecasting; ECONOMIC forecasting; UNCERTAINTY; ECONOMIC models
- Publication
Bank of England Quarterly Bulletin, 2017, Vol 57, Issue 2, p122
- ISSN
0005-5166
- Publication type
Article