Development of Dynamic Factor Model to Improve GDP Predictability[2009.6]
Data SourceResearch Department (macroeconometric model section(+82-2-759-4242))
For the effective implementation of monetary policy, it is necessary to grasp promptly the movements of GDP that represent the level of aggregate activity of the national economy. However, it takes a considerable period of time to obtain GDP statistics, since advance GDP figures are released 3~4 weeks after the respective quarter-end, and preliminary GDP figures, 7~8 weeks later...
※ Please refer to the attached file.