Words are the New Numbers: A Newsy Coincident Index of the Business Cycle
I construct a daily business cycle index based on quarterly GDP growth and textual information contained in a daily business newspaper. The newspaper data are decomposed into time series representing news topics, while the business cycle index is estimated using the topics and a time-varying dynamic...
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Veröffentlicht in: | Journal of business & economic statistics 2020-04, Vol.38 (2), p.393-409 |
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Format: | Artikel |
Sprache: | eng |
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