{"title":"Nowcasting Key Australian Macroeconomic Variables","authors":"Michael Anthonisz","doi":"10.1111/1467-8462.12524","DOIUrl":null,"url":null,"abstract":"<p>Forecasts are relied upon as a guide to what future outcomes for the economy might be. However, it is also important to estimate what is happening in the economy now or has taken place in the recent past. This is where ‘nowcasts’ come in. In this article, I describe what nowcasting is, why it can be a useful tool for macroeconomists as well as present daily nowcasts of key Australian macroeconomic variables, including GDP growth, inflation and the unemployment rate.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"371-380"},"PeriodicalIF":1.0000,"publicationDate":"2023-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Australian Economic Review","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1467-8462.12524","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
Forecasts are relied upon as a guide to what future outcomes for the economy might be. However, it is also important to estimate what is happening in the economy now or has taken place in the recent past. This is where ‘nowcasts’ come in. In this article, I describe what nowcasting is, why it can be a useful tool for macroeconomists as well as present daily nowcasts of key Australian macroeconomic variables, including GDP growth, inflation and the unemployment rate.
期刊介绍：
An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.
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