Automated Short-Run EconomicForecasts(ASEF).pptVIP

29 March 2006 Nicolas Stoffels Automated Short-Run Economic Forecasts (ASEF) Bank of Canada October 25-26, 2007 Nicolas Stoffels nicolas.stoffels@snb.ch Introduction Motivation Global forecasts at the SNB ASEF Framework Application to U.S. GDP growth Summary Motivation ??…policymakers are well advised to follow two principles familiar to navigators throughout the ages: First, determine your position frequently. Second, use as many guides or landmarks as are available.?? B. Bernanke, March 2006 Releases of the official value of GDP and other national accounts data are published lat