Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29809 
Year of Publication: 
2009
Series/Report no.: 
DIW Discussion Papers No. 899
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and exhibits a strong potential for the method used.
Subjects: 
Google
internet
keyword search
search engine
unemployment
predictions
timeseries analysis
JEL: 
C22
C82
E17
E24
E37
Document Type: 
Working Paper

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