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%T Forecasting Euro-area macroeconomic variables using a factor model approach for backdating %A Brüggemann, Ralf %A Zeng, Jing %P 27 %V 4 %D 2010 %= 2014-04-15T07:54:00Z %~ USB Köln %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-430004 %X "We suggest to use a factor model based backdating procedure to construct historical Euro-area macroeconomic time series data for the pre-Euro period. We argue that this is a useful alternative to standard contemporaneous aggregation methods. The paper investigates for a number of Euro-area variables whether forecasts based on the factorbackdated data are more precise than those obtained with standard area-wide data. A recursive pseudo-out-of-sample forecasting experiment using quarterly data and a forecasting period 2000Q1-2007Q4 is conducted. Our results suggests that some key variables (e.g. real GDP and in ation) can indeed be forecasted more precisely with the factor-backdated data." (author's abstract) %C DEU %C Konstanz %G en %9 Arbeitspapier %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info