Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82313
Authors: 
Carlsen, Maria
Storgaard, Peter E.
Year of Publication: 
2010
Series/Report no.: 
Danmarks Nationalbank Working Papers 66
Abstract: 
The paper examines whether electronic payments by card (Dankort) provides a useful indicator for retail sales in Denmark. Dankort transactions data is available about one week after the reference month, while the retail sales index is only published about three weeks later. We add to previous work by setting up a model for the seasonally adjusted volume index for retail sales. The extensions considered are meant to further enhance the usefulness of the nowcasting model for conjunctural analysis. The out-of-sample forecasting ability of the model compares favourably with a benchmark autoregression.
Document Type: 
Working Paper

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