Macroeconomic Forecasting Using Alternative Data

Macroeconomic Forecasting Using Alternative Data
Author: Apurv Jain
Publsiher: Academic Press
Total Pages: 250
Release: 2020-08
ISBN 10: 9780128191217
ISBN 13: 012819121X
Language: EN, FR, DE, ES & NL

Macroeconomic Forecasting Using Alternative Data Book Review:

Macroeconomic Forecasting Using Alternative Data applies computer science to the demands of macroeconomic forecasting. It is the first book to combine machine learning methods with macroeconomics. By using artificial intelligence and machine learning techniques, it unlocks the increased forecasting accuracy offered by alternative data sources. Through its interdisciplinary approach, readers learn how to use big datasets efficiently and effectively. Combines big data/machine learning with macroeconomic forecasting Explains how alternative data improve forecasting accuracy when controlled for traditional data sources Provides new innovative methods for handling large databases and improving forecasting accuracy

Macroeconomic Forecasting in the Era of Big Data

Macroeconomic Forecasting in the Era of Big Data
Author: Peter Fuleky
Publsiher: Springer Nature
Total Pages: 719
Release: 2019-11-28
ISBN 10: 3030311503
ISBN 13: 9783030311506
Language: EN, FR, DE, ES & NL

Macroeconomic Forecasting in the Era of Big Data Book Review:

This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data; and how to evaluate forecasts, among others. Each chapter is self-contained with references, and provides solid background information, while also reviewing the latest advances in the field. Accordingly, the book offers a valuable resource for researchers, professional forecasters, and students of quantitative economics.

Handbook of US Consumer Economics

Handbook of US Consumer Economics
Author: Andrew Haughwout,Benjamin Mandel
Publsiher: Academic Press
Total Pages: 456
Release: 2019-08-12
ISBN 10: 0128135255
ISBN 13: 9780128135259
Language: EN, FR, DE, ES & NL

Handbook of US Consumer Economics Book Review:

Handbook of U.S. Consumer Economics presents a deep understanding on key, current topics and a primer on the landscape of contemporary research on the U.S. consumer. This volume reveals new insights into household decision-making on consumption and saving, borrowing and investing, portfolio allocation, demand of professional advice, and retirement choices. Nearly 70% of U.S. gross domestic product is devoted to consumption, making an understanding of the consumer a first order issue in macroeconomics. After all, understanding how households played an important role in the boom and bust cycle that led to the financial crisis and recent great recession is a key metric. Introduces household finance by examining consumption and borrowing choices Tackles macro-problems by observing new, original micro-data Looks into the future of consumer spending by using data, not questionnaires

Handbook of US Consumer Economics

Handbook of US Consumer Economics
Author: Andrew Haughwout,Benjamin Mandel
Publsiher: Academic Press
Total Pages: 550
Release: 2019-08-15
ISBN 10: 0128135247
ISBN 13: 9780128135242
Language: EN, FR, DE, ES & NL

Handbook of US Consumer Economics Book Review:

Handbook of U.S. Consumer Economics presents a deep understanding on key, current topics and a primer on the landscape of contemporary research on the U.S. consumer. This volume reveals new insights into household decision-making on consumption and saving, borrowing and investing, portfolio allocation, demand of professional advice, and retirement choices. Nearly 70% of U.S. gross domestic product is devoted to consumption, making an understanding of the consumer a first order issue in macroeconomics. After all, understanding how households played an important role in the boom and bust cycle that led to the financial crisis and recent great recession is a key metric. Introduces household finance by examining consumption and borrowing choices Tackles macro-problems by observing new, original micro-data Looks into the future of consumer spending by using data, not questionnaires

Fintech with Artificial Intelligence Big Data and Blockchain

Fintech with Artificial Intelligence  Big Data  and Blockchain
Author: Paul Moon Sub Choi
Publsiher: Springer Nature
Total Pages: 135
Release: 2021
ISBN 10: 9813361379
ISBN 13: 9789813361379
Language: EN, FR, DE, ES & NL

Fintech with Artificial Intelligence Big Data and Blockchain Book Review:

Data Science for Economics and Finance

Data Science for Economics and Finance
Author: Sergio Consoli
Publsiher: Springer Nature
Total Pages: 135
Release: 2021
ISBN 10: 3030668916
ISBN 13: 9783030668914
Language: EN, FR, DE, ES & NL

Data Science for Economics and Finance Book Review:

Alternative Economic Indicators

Alternative Economic Indicators
Author: C. James Hueng
Publsiher: W.E. Upjohn Institute
Total Pages: 132
Release: 2020-09-08
ISBN 10: 0880996765
ISBN 13: 9780880996761
Language: EN, FR, DE, ES & NL

Alternative Economic Indicators Book Review:

Policymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.

Has Macro forecasting Failed

Has Macro forecasting Failed
Author: Victor Zarnowitz
Publsiher: Unknown
Total Pages: 27
Release: 1991
ISBN 10: 1928374650XXX
ISBN 13: IND:30000113931269
Language: EN, FR, DE, ES & NL

Has Macro forecasting Failed Book Review:

The answer to this question depends on the treatment of logically and empirically prior questions about (1) what the forecasts are and why they are needed, and (2) what can reasonably be expected of them. Further, what forecasters can and should do cannot be established without studying the record and assessing the probable future of their endeavors. Accordingly, the basic approach taken in this paper is to ask of the assembled data what professional standards have economists engaged in macro-forecasting been able to attain and maintain in competing with each other and alternative methods. There is much disenchantment with economic forecasting. The difficult question is how much of it is due to unacceptably poor performance and how much to unrealistically high prior expectations. My argument is that the latter is a major factor. In times of continuing expansion with restrained inflation, as in the 1960s, macro-forecasts looked good and economists were held in high repute. Later when inflation accelerated, serious recessions reappeared, and long-term growth of productivity and total output slackened, the errors of macroeconomic models and forecasts, and the old and new controversies among the economists, received increased public attention. The reputation of the profession suffered, and the interest of academic economists in forecasting, never very strong, weakened still more. Yet the performance of professional economic forecasters, when assessed proper relative terms, has been considerably better in recent times than in the earlier post-World War II period. What happened is that the improvements fell short of enabling the forecasters to cope with the new problems they faced.

Handbook of Economic Forecasting

Handbook of Economic Forecasting
Author: Graham Elliott,Allan Timmermann
Publsiher: Elsevier
Total Pages: 672
Release: 2013-08-23
ISBN 10: 0444627405
ISBN 13: 9780444627407
Language: EN, FR, DE, ES & NL

Handbook of Economic Forecasting Book Review:

The highly prized ability to make financial plans with some certainty about the future comes from the core fields of economics. In recent years the availability of more data, analytical tools of greater precision, and ex post studies of business decisions have increased demand for information about economic forecasting. Volumes 2A and 2B, which follows Nobel laureate Clive Granger's Volume 1 (2006), concentrate on two major subjects. Volume 2A covers innovations in methodologies, specifically macroforecasting and forecasting financial variables. Volume 2B investigates commercial applications, with sections on forecasters' objectives and methodologies. Experts provide surveys of a large range of literature scattered across applied and theoretical statistics journals as well as econometrics and empirical economics journals. The Handbook of Economic Forecasting Volumes 2A and 2B provide a unique compilation of chapters giving a coherent overview of forecasting theory and applications in one place and with up-to-date accounts of all major conceptual issues. Focuses on innovation in economic forecasting via industry applications Presents coherent summaries of subjects in economic forecasting that stretch from methodologies to applications Makes details about economic forecasting accessible to scholars in fields outside economics

A Companion to Economic Forecasting

A Companion to Economic Forecasting
Author: Michael P. Clements,David F. Hendry
Publsiher: John Wiley & Sons
Total Pages: 616
Release: 2008-04-15
ISBN 10: 140517191X
ISBN 13: 9781405171915
Language: EN, FR, DE, ES & NL

A Companion to Economic Forecasting Book Review:

A Companion to Economic Forecasting provides an accessible and comprehensive account of recent developments in economic forecasting. Each of the chapters has been specially written by an expert in the field, bringing together in a single volume a range of contrasting approaches and views. Uniquely surveying forecasting in a single volume, the Companion provides a comprehensive account of the leading approaches and modeling strategies that are routinely employed.

The Book of Alternative Data

The Book of Alternative Data
Author: Alexander Denev,Saeed Amen
Publsiher: John Wiley & Sons
Total Pages: 416
Release: 2020-06-29
ISBN 10: 1119601800
ISBN 13: 9781119601807
Language: EN, FR, DE, ES & NL

The Book of Alternative Data Book Review:

The first and only book to systematically address methodologies and processes of leveraging non-traditional information sources in the context of investing and risk management Harnessing non-traditional data sources to generate alpha, analyze markets, and forecast risk is a subject of intense interest for financial professionals. A growing number of regularly-held conferences on alternative data are being established, complemented by an upsurge in new papers on the subject. Alternative data is starting to be steadily incorporated by conventional institutional investors and risk managers throughout the financial world. Methodologies to analyze and extract value from alternative data, guidance on how to source data and integrate data flows within existing systems is currently not treated in literature. Filling this significant gap in knowledge, The Book of Alternative Data is the first and only book to offer a coherent, systematic treatment of the subject. This groundbreaking volume provides readers with a roadmap for navigating the complexities of an array of alternative data sources, and delivers the appropriate techniques to analyze them. The authors—leading experts in financial modeling, machine learning, and quantitative research and analytics—employ a step-by-step approach to guide readers through the dense jungle of generated data. A first-of-its kind treatment of alternative data types, sources, and methodologies, this innovative book: Provides an integrated modeling approach to extract value from multiple types of datasets Treats the processes needed to make alternative data signals operational Helps investors and risk managers rethink how they engage with alternative datasets Features practical use case studies in many different financial markets and real-world techniques Describes how to avoid potential pitfalls and missteps in starting the alternative data journey Explains how to integrate information from different datasets to maximize informational value The Book of Alternative Data is an indispensable resource for anyone wishing to analyze or monetize different non-traditional datasets, including Chief Investment Officers, Chief Risk Officers, risk professionals, investment professionals, traders, economists, and machine learning developers and users.

Economic Forecasting

Economic Forecasting
Author: Graham Elliott,Allan Timmermann
Publsiher: Princeton University Press
Total Pages: 568
Release: 2016-04-05
ISBN 10: 0691140138
ISBN 13: 9780691140131
Language: EN, FR, DE, ES & NL

Economic Forecasting Book Review:

Economic forecasting involves choosing simple yet robust models to best approximate highly complex and evolving data-generating processes. This poses unique challenges for researchers in a host of practical forecasting situations, from forecasting budget deficits and assessing financial risk to predicting inflation and stock market returns. Economic Forecasting presents a comprehensive, unified approach to assessing the costs and benefits of different methods currently available to forecasters. This text approaches forecasting problems from the perspective of decision theory and estimation, and demonstrates the profound implications of this approach for how we understand variable selection, estimation, and combination methods for forecasting models, and how we evaluate the resulting forecasts. Both Bayesian and non-Bayesian methods are covered in depth, as are a range of cutting-edge techniques for producing point, interval, and density forecasts. The book features detailed presentations and empirical examples of a range of forecasting methods and shows how to generate forecasts in the presence of large-dimensional sets of predictor variables. The authors pay special attention to how estimation error, model uncertainty, and model instability affect forecasting performance. Presents a comprehensive and integrated approach to assessing the strengths and weaknesses of different forecasting methods Approaches forecasting from a decision theoretic and estimation perspective Covers Bayesian modeling, including methods for generating density forecasts Discusses model selection methods as well as forecast combinations Covers a large range of nonlinear prediction models, including regime switching models, threshold autoregressions, and models with time-varying volatility Features numerous empirical examples Examines the latest advances in forecast evaluation Essential for practitioners and students alike

The More the Merrier A Machine Learning Algorithm for Optimal Pooling of Panel Data

The More the Merrier  A Machine Learning Algorithm for Optimal Pooling of Panel Data
Author: Marijn A. Bolhuis,Brett Rayner
Publsiher: International Monetary Fund
Total Pages: 21
Release: 2020-02-28
ISBN 10: 1513529978
ISBN 13: 9781513529974
Language: EN, FR, DE, ES & NL

The More the Merrier A Machine Learning Algorithm for Optimal Pooling of Panel Data Book Review:

We leverage insights from machine learning to optimize the tradeoff between bias and variance when estimating economic models using pooled datasets. Specifically, we develop a simple algorithm that estimates the similarity of economic structures across countries and selects the optimal pool of countries to maximize out-of-sample prediction accuracy of a model. We apply the new alogrithm by nowcasting output growth with a panel of 102 countries and are able to significantly improve forecast accuracy relative to alternative pools. The algortihm improves nowcast performance for advanced economies, as well as emerging market and developing economies, suggesting that machine learning techniques using pooled data could be an important macro tool for many countries.

Economic Forecasts

Economic Forecasts
Author: Ralf Brüggemann,Winfried Pohlmeier,Werner Smolny
Publsiher: Walter de Gruyter GmbH & Co KG
Total Pages: 176
Release: 2016-11-21
ISBN 10: 3110510847
ISBN 13: 9783110510843
Language: EN, FR, DE, ES & NL

Economic Forecasts Book Review:

Forecasts guide decisions in all areas of economics and finance. Economic policy makers base their decisions on business cycle forecasts, investment decisions of firms are based on demand forecasts, and portfolio managers try to outperform the market based on financial market forecasts. Forecasts extract relevant information from the past and help to reduce the inherent uncertainty of the future. The topic of this special issue of the Journal of Economics and Statistics is the theory and practise of forecasting and forecast evaluation and an overview of the state of the art of forecasting.

Evaluating CPB s Published GDP Growth Forecasts

Evaluating CPB s Published GDP Growth Forecasts
Author: Anonim
Publsiher: Unknown
Total Pages: 54
Release: 2008
ISBN 10: 1928374650XXX
ISBN 13: MINN:31951D02841769Y
Language: EN, FR, DE, ES & NL

Evaluating CPB s Published GDP Growth Forecasts Book Review:

The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads

The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads
Author: Nazim Belhocine,Mr.Salvatore Dell'Erba
Publsiher: International Monetary Fund
Total Pages: 31
Release: 2013-05-01
ISBN 10: 1484382765
ISBN 13: 9781484382769
Language: EN, FR, DE, ES & NL

The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads Book Review:

How do financial markets respond to concerns over debt sustainability and the level of public debt in emerging markets? We introduce a measure of debt sustainability – the difference between the debt stabilizing primary balance and the primary balance–in an otherwise standard spread regression model applied to a panel of 26 emerging market economies. We find that debt sustainability is an important determinant of spreads. In addition, using a panel smooth transition regression model, we find that the sensitivity of spreads to debt sustainability doubles as public debt increases above 45 percent of GDP. These results suggest that market interest rates react more to debt sustainability concerns in a country with a high level of debt compared to a country with a low level of debt.

Macroeconomic Forecasting

Macroeconomic Forecasting
Author: Robert Evans
Publsiher: Routledge
Total Pages: 256
Release: 2002-01-22
ISBN 10: 1134623461
ISBN 13: 9781134623464
Language: EN, FR, DE, ES & NL

Macroeconomic Forecasting Book Review:

Drawing on interviews with the UK government's Panel of Independent Forecasters, the author shows how economic models, forecasts and policy analysis depend crucially upon the judgements of economists.

Use of Survey Data for Industry Research and Economic Policy Selected Papers Presented at the 24th CIRET Conference Wellington New Zealand 1999

Use of Survey Data for Industry  Research and Economic Policy  Selected Papers Presented at the 24th CIRET Conference  Wellington  New Zealand 1999
Author: Karl Heinrich Oppenlander,Gunter Poser,Bernd Schips
Publsiher: Routledge
Total Pages: 632
Release: 2018-02-06
ISBN 10: 1351752014
ISBN 13: 9781351752015
Language: EN, FR, DE, ES & NL

Use of Survey Data for Industry Research and Economic Policy Selected Papers Presented at the 24th CIRET Conference Wellington New Zealand 1999 Book Review:

This title was first published in 2000: This text offers a comprehensive collection of selected papers from the 24th Centre for International Research on Economic Tendency Surveys (CIRET) conference. Areas selected include leading indicators and turning points, classifications of business cycles, survey data and policy decisions, attitudes and behaviour of firms, and economic forecasting. The text aims to be of interest to all those concerned with the use of business and consumer surveys in a global context.

Budget Baselines Historical Data and Alternatives for the Future

Budget Baselines  Historical Data  and Alternatives for the Future
Author: United States. President (1989-1993 : Bush),United States. Office of Management and Budget
Publsiher: United States Government Printing
Total Pages: 573
Release: 1993
ISBN 10: 1928374650XXX
ISBN 13: UOM:35128000045987
Language: EN, FR, DE, ES & NL

Budget Baselines Historical Data and Alternatives for the Future Book Review:

The Palgrave Handbook of FinTech and Blockchain

The Palgrave Handbook of FinTech and Blockchain
Author: Maurizio Pompella,Roman Matousek
Publsiher: Springer Nature
Total Pages: 522
Release: 2021-06-01
ISBN 10: 3030664333
ISBN 13: 9783030664336
Language: EN, FR, DE, ES & NL

The Palgrave Handbook of FinTech and Blockchain Book Review:

Financial services technology and its effect on the field of finance and banking has been of major importance within the last few years. The spread of these so-called disruptive technologies, including Blockchain, has radically changed financial markets and transformed the operation of the industry as a whole. This is the first multidisciplinary handbook of FinTech and Blockchain covering finance, economics, and legal aspects globally. With comprehensive coverage of the current landscape of financial technology alongside a forward-looking approach, the chapters are devoted to the spread of structured finance, ICT, distributed ledger technology (DLT), cybersecurity, data protection, artificial intelligence, and cryptocurrencies. Given an unprecedented 2020, the contributions also address the consequences of the current emergency, and the pandemic stroke, which is revolutionizing social and economic paradigms and heavily affecting Fintech, Blockchain, and the banking sector as well, and would be of particular interest to finance academics and researchers alongside banking and financial services professionals.