LATCOIN: determining medium to long-run tendencies of economic growth in Latvia in real time
LATCOIN: determining medium to long-run tendencies of economic growth in Latvia in real time

Summary/Abstract: This paper presents a method of estimating the current state of Latvia’s economy. The valuation object is medium to long-run growth of real GDP, but not actual GDP itself, hich helps to filter out various one-off effects and focus on medium and long-run endencies. Our indicator, called LATCOIN (Latvia’s Business Cycle Coincidence Indicator), ould be viewed as a simple adaptation of new EUROCOIN for Latvia with some changes in ethodology. LATCOIN is a monthly estimate of the medium to long-run growth of Latvia’s eal GDP, which is produced on the 9th working day of the next month. Using a large panel f macroeconomic variables, a few smooth unobservable factors describing the economy are onstructed. Further, these factors are used for the estimation of LATCOIN.

• Details
• Contents