Forecasting and Monitoring Economic Indicators

Informacje na temat projektu

MONITOR

Identyfikator umowy o grant: 640924

DOI

10.3030/640924

Projekt został zamknięty

Data podpisania przez KE 11 Grudnia 2014

Data rozpoczęcia 1 Października 2015

Data zakończenia 31 Marca 2017

Finansowanie w ramach

• EXCELLENT SCIENCE - European Research Council (ERC)

Koszt całkowity

€ 150 000,00

Wkład UE

€ 150 000,00

Koordynowany przez

UNIVERSITY OF CYPRUS
Cyprus

Periodic Reporting for period 1 - MONITOR (Forecasting and Monitoring Economic Indicators)

Okres sprawozdawczy: 2015-10-01 do 2017-03-31

Podsumowanie kontekstu i ogólnych celów projektu

In this grant we develop a new software/toolbox which forecasts and monitors key economic indicators (such as macroeconomic activity, financial volatility and others) using novel econometric models and tests. Our forecasting and monitoring toolbox aims to improve the reliability of forecasts by introducing a novel family of models that deals with high frequency information, by incorporating new tests and by monitoring the forecasts in real-time, which go beyond the current state of the art. This grant has economic and societal benefits given that reliable forecasts of key economic variables are at the heart of prudent economic decision making and planning, which affect the growth and welfare of economic agents and societies. Forecasting and monitoring key macroeconomic variables is of direct interest to government institutions, Central banks, economic forecasting agencies, financial institutions and investment companies, among others.