The composite index of leading economic indicators how to make it more timely

A major shortcoming of the U.S. leading index is that it does not use the most recent information for stock prices and yield spreads. The index methodology ignores these data in favor of a time-consistent set of components (i.e., all of the components must refer to the previous month). An alternati...

Full description

Bibliographic Details

Main Authors:	McGuckin, Robert H. (Author), Ozyildirim, Ataman (Author), Zarnowitz, Victor (Author)
Format:	Book
Language:	English
Published:	Cambridge National Bureau of Economic Research 2001.
Series:	NBER working paper series no.8430
Subjects:	Economic indicators > United States. Economic forecasting > United States. United States > Economic policy.
Online Access:	Download full text here