Omer Faruk Akbal

Regime-Switching Factor Models and Nowcasting with Big Data

This paper shows that the Expectation-Maximization (EM) algorithm for regime-switching dynamic factor models provides satisfactory performance relativ...

Strengthening Monetary Policy Frameworks in the Caucasus and Central Asia

Amidst a global backdrop of persistent post-COVID inflation and spillovers from Russia’s war in Ukraine, the countries of the Caucasus and Central A...

Panel Nowcasting for Countries Whose Quarterly GDPs are Unavailable

Quarterly GDP statistics facilitate timely economic assessment, but the availability of such data are limited for more than 60 developing economies, i...