PDFDownload paper, RWP 18-14, December 2018

We construct a monthly measure of foreign economic growth based on a wide range of cross-county indicators. Unlike GDP data, which are normally released with a delay of one to two quarters in most countries, our monthly measure incorporates monthly information up to the current month. As new information arrives, this measure of foreign growth can be updated as frequently as daily. This monthly measure of foreign growth not only helps gauge the economic conditions in other countries but also provides a timely measure of foreign demand to help forecast U.S. export growth.

JEL Classification: E17, F17

Article Citation

  • Hakkio, Craig S., and Jun Nie. “Forecasting Foreign Economic Growth Using Cross-Country Data.” Federal Reserve Bank of Kansas City, Research Working Paper no. 18-14, December. Available at External Linkhttps://doi.org/10.18651/RWP2018-14

Author

Jun Nie

Senior Economist

Jun Nie is a Senior Economist in the Economic Research Department of the Federal Reserve Bank of Kansas City. He received his M.A. and Ph.D. from New York University, and earned …