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Swiss Journal of Economics and Statistics
Fig. 5 | Swiss Journal of Economics and Statistics

Fig. 5

From: COVID-19 outbreak and beyond: the information content of registered short-time workers for GDP now- and forecasting

Fig. 5

Log short-time workers, estimation sample: April 2000–January 2020. Top: Data and mean fitted values, mean dynamic forecast, and forecast proportional to the decline after August 2009 (financial crisis decline). Bottom: One-step ahead error (shock), in-sample (blue), out-of-sample (green), mean, and implied out-of-sample May 2020 to July 2021 (red)

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