Opening the Toolbox: The Nowcasting Code on GitHub

Adams, Patrick; Bok, Brandyn; Caratelli, Daniele; Giannone, Domenico; Qian, Eric; Sbordone, Argia M.; Schneier, Camilla; Tambalotti, Andrea

Discussion Paper

Opening the Toolbox: The Nowcasting Code on GitHub

Abstract: In April 2016, we unveiled--and began publishing weekly--the New York Fed Staff Nowcast, an estimate of GDP growth using an automated platform for tracking economic conditions in real time. Today we go a step further by publishing the MATLAB code for the nowcasting model, available here on GitHub, a public repository hosting service. We hope that sharing our code will make it easier for people interested in monitoring the macroeconomy to understand the details underlying the nowcast and to replicate our results.

Keywords: nowcast; economic conditions;

JEL Classification: E2;