Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18839
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dc.contributor.authorKranendonk, Henk C.en_US
dc.contributor.authorBonenkamp, Janen_US
dc.contributor.authorVerbruggen, Johan P.en_US
dc.date.accessioned2009-01-28T15:53:14Z-
dc.date.available2009-01-28T15:53:14Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18839-
dc.description.abstractSince 1990 the Netherlands Bureau for Economic Policy Analysis (CPB) uses a leading indicator inpreparing short-term forecasts for the Dutch economy. This paper describes some recentmethodological innovations as well as the current structure and empirical results of the revised CPBleading indicator. Special attention is paid to the role and significance of IFO data. The structure of theCPB leading indicator is tailored to its use as a supplement to model-based projections, and thus has aunique character in several respects. The system of the CPB leading indicator is composed of tenseparate composite indicators, seven for expenditure categories (?demand?) and three for the mainproduction sectors (?supply?). This system approach has important advantages over the usual structure,in which the basis series are directly linked to a single reference series. The revised system, which uses25 different basic series, performs quite well in describing the economic cycle of GDP, in indicatingthe upturns and downturns, and in telling the story behind the business cycle.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working papers |x1200en_US
dc.subject.jelE37en_US
dc.subject.ddc330en_US
dc.subject.keywordleading indicatoren_US
dc.subject.keywordshort-term forecastsen_US
dc.subject.stwKonjunkturindikatoren_US
dc.subject.stwKonjunkturprognoseen_US
dc.subject.stwPrognoseverfahrenen_US
dc.subject.stwNiederlandeen_US
dc.titleA leading indicator for the Dutch economy : methodological and empirical revision of the CPB systemen_US
dc.typeWorking Paperen_US
dc.identifier.ppn856600016en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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