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dc.contributor.author
Siliverstovs, Boriss
dc.date.accessioned
2017-10-13T14:33:33Z
dc.date.available
2017-06-11T16:45:45Z
dc.date.available
2017-10-13T14:33:33Z
dc.date.issued
2015-03
dc.identifier.uri
http://hdl.handle.net/20.500.11850/99546
dc.identifier.doi
10.3929/ethz-a-010402982
dc.description.abstract
We apply the novel approach of Siliverstovs (2015) to modelling data sampled at different frequencies in order to scrutinise the composition of one of the most influential economic indicators in Switzerland. The Purchasing Managers' Index consists of eight sub-indices out of which only five enter the total index with differentiated weights, which were specified for its American counterpart about thirty years ago. In this paper, we address the question whether the current fixed weighting scheme of the PMI components is supported by the data. We find that the relative weights of the PMI components are generally supported by the data, except the fact that one component, found very informative for explaining GDP growth, is currently omitted from the PMI composition.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Real-time data
en_US
dc.subject
GROSS NATIONAL PRODUCT
en_US
dc.subject
ECONOMIC INDICATORS
en_US
dc.subject
PMI
en_US
dc.subject
MIDAS
en_US
dc.subject
Switzerland
en_US
dc.subject
MIDASSO
en_US
dc.subject
BRUTTONATIONALEINKOMMEN
en_US
dc.subject
SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT
en_US
dc.subject
SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION
en_US
dc.subject
ECONOMIC ANALYSIS
en_US
dc.subject
LASSO
en_US
dc.subject
WIRTSCHAFTSINDIKATOREN
en_US
dc.subject
GDP growth
en_US
dc.subject
WIRTSCHAFTLICHKEITSANALYSE
en_US
dc.title
Dissecting the purchasing managers’ index
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2015
ethz.title.subtitle
Are all relevant components included? - are all included components relevant?
en_US
ethz.journal.title
KOF Working Papers
ethz.journal.volume
376
en_US
ethz.size
15 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.identifier.nebis
010402982
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-11T16:46:17Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp5936530d35ddb37262
ethz.identifier.importid
imp59366b72e04a196016
ethz.ecolpid
eth:47537
ethz.ecitpid
pub:155708
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-14T20:52:25Z
ethz.rosetta.lastUpdated
2018-11-05T21:54:21Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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