Nowcasting New Zealand GDP using a dynamic factor model

Nowcasting New Zealand GDP using a dynamic factor model

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Nowcasting New Zealand GDP using a dynamic factor model

This Note explains the dynamic factor model which joins the suite of models that the Reserve Bank of New Zealand – Te Pūtea Matua utilises to nowcast GDP growth in New Zealand. It also serves as the technical background material for the Kiwi-GDP dashboard on the Reserve Bank’s website.

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