A World Trade Leading Index (WTLI) /

This paper develops a new monthly World Trade Leading Indicator (WTLI) that relies on nonparametric and parametric approaches. Compared to the CPB World Trade Monitor's benchmark indicator for global trade the WTLI captures turning points in global trade with an average lead between 2 and 3 mon...

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Detalles Bibliográficos
Autor principal: Barhoumi, Karim
Otros Autores: Ferrara, Laurent
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2015.
Colección:IMF Working Papers; Working Paper ; No. 2015/020
Materias:
Acceso en línea:Full text available on IMF
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245 1 2 |a A World Trade Leading Index (WTLI) /  |c Karim Barhoumi, Laurent Ferrara. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper develops a new monthly World Trade Leading Indicator (WTLI) that relies on nonparametric and parametric approaches. Compared to the CPB World Trade Monitor's benchmark indicator for global trade the WTLI captures turning points in global trade with an average lead between 2 and 3 months. We also show that this cyclical indicator is able to track the annual growth rate in global trade, suggesting that the recent slowdown is due in part to certain cyclical factors. This new tool can provide policy makers with valuable foresight into the future direction of economic activity by tracking world trade more efficiently. 
538 |a Mode of access: Internet 
650 7 |a Factor Models  |2 imf 
650 7 |a Growth Rate  |2 imf 
650 7 |a Leading Indicators  |2 imf 
650 7 |a World Trade  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a United States  |2 imf 
700 1 |a Ferrara, Laurent. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/020 
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