估计东加勒比货币联盟各国经济活动季度指标

Shane R. Lowe, Tiffany Grosvenor
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引用次数: 0

摘要

经济活动指标为政策制定者、商业人士、投资者和消费者的决策过程提供了关键的投入。然而,东加勒比中央银行目前只公布它所报告的八个成员国的年度国内生产总值系列,季度报告提供关于经济活动总体方向的质量指导。本研究将Chow和Lin(1971)的技术应用于相关的高频宏观经济变量,试图对1993年至2014年期间东加勒比货币联盟(ECCU)每个成员国的经济活动进行季度估计。结果表明,我们季度GDP估计的变化通常跟踪欧洲央行对大多数经济体经济活动方向的近似,至少与八个国家中七个国家的单变量模型估计相匹配。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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.
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