News media vs. FRED-MD for macroeconomic forecasting

In the new CAMP Working Paper 08/2020, Ellingsen, Larsen and Thorsrud use a unique dataset of 22.5 million news articles from the Dow Jones Newswires Archive, to perform an in depth real-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer forecasting literature, namely the FRED-MD dataset. Focusing …

FNI Update September – Continued Low Growth

The Financial News index (FNI) is designed to track Norwegian GDP growth and the business cycle at high frequency. The underlying indicators are daily time series representing how much the media writes about various topics. The FNI was last updated 30 September. The FNI index for the Norwegian economy has been updated with figures up …