Ifo Survey Data in Business Cycle and Monetary Policy Analysis

Ifo Survey Data in Business Cycle and Monetary Policy Analysis

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A pilot ?ying to a distant city needs to check his position, ?ight path and weather conditions, and must constantly keep his plane under control to land safely.TheIfosurveydataprovideadvanceinformationonchangingeconomic weather conditions and help keep the economy under control. To be sure, by their very nature they only provide short-term information. But like a plane, the economy will not be able to reach its long-term goals if it strays o? course in the short term. The Ifo survey data provide the most comprehensive and accurate, - to-date database in Europe on the state of the business cycle, and the Ifo climate indicator, sometimes simply called a€œThe Ifoa€, is the most frequently cited indicator of its kind in Europe. Both the European stock market and theeuroreacttoourindicator.Ifoa€™smethodologyfordeterminingthebusiness climateindicatorhasbeenexportedtomorethan?ftycountries, mostrecently toTurkeyandChina.TheIfopeoplewereproudtohavebeenaskedtohelpset up polling systems in these countries. It is said that the Chinese government relies more on their a€œIfo indicatora€ than on their o?cial accounting statistics.13, pp. 47a€“73. JAI Press, Greenwich, CT. Doan, T. (2000): RATS Reference Manual, Version 5. Estima, Evanston, IL. Flaig, G. (2003): a€œSeasonal and Cyclical Properties of Ifo Business Test Variables, a€ Journal of Economics and Statistics, 223, anbsp;...

Title:Ifo Survey Data in Business Cycle and Monetary Policy Analysis
Author:Jan-Egbert Sturm, T. Wollmershäuser
Publisher:Springer Science & Business Media - 2006-03-30


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