The real-time model


Abstract icon The real-time model uses a large dataset with a wide range of key economic indicators and real-time indicators. The model is a dynamic factor model which is linear in parameters.

​Danmarks Nationalbank's real-time model is a customised version of the model developed by the New York Federal Reserve. 

In the chart below you can follow how the models estimates update with new key economic indicators. 

 

 Note: Real-time indicators reflect information from high-frequent indicators. A negative value can reflect to things: 1) The model has already accounted for a part of the positive information, that the released economic indicators have contributed with. 2) The real-time indicators show signs of contraction. Vice-versa for a positive value.