Data Science for Economics and Finance

Abstract

Economic and fiscal policies conceived by international organizations, governments, and central banks heavily depend on economic forecasts, in particular during times of economic and societal turmoil like the one we have recently experienced with the coronavirus spreading worldwide. The accuracy of economic forecasting and nowcasting models is however still problematic since modern economies are subject to numerous shocks that make the forecasting and nowcasting tasks extremely hard, both in the short and medium-long runs.

Identifiers

DOI

10.1007/978-3-030-66891-4

Citations and references