美国每周经济指数:复制与推广

Pub Date : 2023-05-10 DOI:10.1002/jae.2979

Philipp Wegmüller, Christian Glocker

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引用次数: 1

摘要

我们重新审视Lewis, Mertens, Stock和Trivedi(2021)提出的美国每周经济指数(WEI)。从狭义上讲，我们用从原始来源收集的数据来复制他们的主要结果。从广义上讲，我们采用wegm ller、Glocker和Guggia(2023)建立的方法来调整每周输入序列，以适应季节模式、日历日效应和过度波动。从长远来看，我们表明我们提出的数据调整显着提高了WEI的临近预报性能。©2023 John Wiley & Sons, Ltd

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US weekly economic index: Replication and extension

We revisit the US weekly economic index (WEI) put forth by Lewis, Mertens, Stock and Trivedi (2021). In a narrow sense, we replicate their main results with data gathered from its original sources. In a wide sense, we apply the methodology established in Wegmüller, Glocker and Guggia (2023) to adjust the weekly input series for seasonal patterns, calendar day effects, and excess volatility. In a long sense, we show that our proposed data adjustment significantly improves the nowcasting performance of the WEI.

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