{"title":"估计东加勒比货币联盟各国经济活动季度指标","authors":"Shane R. Lowe, Tiffany Grosvenor","doi":"10.2139/ssrn.2793923","DOIUrl":null,"url":null,"abstract":"Indicators of economic activity provide key inputs into policymakers’, business persons’, investors’ and consumers’ decision making processes. However, the Eastern Caribbean Central Bank (ECCB) currently only publishes annual gross domestic product (GDP) series for each of the eight member states on which it reports, with quarterly reports providing qualitative guidance as to the general direction of economic activity. This study applies the technique of Chow and Lin (1971) to related, high-frequency macroeconomic variables in an attempt to produce quarterly estimates of economic activity for each member of the Eastern Caribbean Currency Union (ECCU) over the period 1993 to 2014. The results indicated that changes in our quarterly GDP estimates generally track the ECCB’s approximations regarding the direction of economic activity for most economies and at least match estimates from a univariate model for seven of the eight countries.","PeriodicalId":146720,"journal":{"name":"PSN: Monetary Union (Topic)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Estimating Quarterly Indicators of Economic Activity for the States of the Eastern Caribbean Currency Union\",\"authors\":\"Shane R. Lowe, Tiffany Grosvenor\",\"doi\":\"10.2139/ssrn.2793923\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Indicators of economic activity provide key inputs into policymakers’, business persons’, investors’ and consumers’ decision making processes. However, the Eastern Caribbean Central Bank (ECCB) currently only publishes annual gross domestic product (GDP) series for each of the eight member states on which it reports, with quarterly reports providing qualitative guidance as to the general direction of economic activity. This study applies the technique of Chow and Lin (1971) to related, high-frequency macroeconomic variables in an attempt to produce quarterly estimates of economic activity for each member of the Eastern Caribbean Currency Union (ECCU) over the period 1993 to 2014. The results indicated that changes in our quarterly GDP estimates generally track the ECCB’s approximations regarding the direction of economic activity for most economies and at least match estimates from a univariate model for seven of the eight countries.\",\"PeriodicalId\":146720,\"journal\":{\"name\":\"PSN: Monetary Union (Topic)\",\"volume\":\"4 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-10-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"PSN: Monetary Union (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2793923\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"PSN: Monetary Union (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2793923","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Estimating Quarterly Indicators of Economic Activity for the States of the Eastern Caribbean Currency Union
Indicators of economic activity provide key inputs into policymakers’, business persons’, investors’ and consumers’ decision making processes. However, the Eastern Caribbean Central Bank (ECCB) currently only publishes annual gross domestic product (GDP) series for each of the eight member states on which it reports, with quarterly reports providing qualitative guidance as to the general direction of economic activity. This study applies the technique of Chow and Lin (1971) to related, high-frequency macroeconomic variables in an attempt to produce quarterly estimates of economic activity for each member of the Eastern Caribbean Currency Union (ECCU) over the period 1993 to 2014. The results indicated that changes in our quarterly GDP estimates generally track the ECCB’s approximations regarding the direction of economic activity for most economies and at least match estimates from a univariate model for seven of the eight countries.