Nowcasting Norwegian household consumption with debit card transaction data
利用借记卡交易数据即时预测挪威家庭消费
Summary We use a novel data set covering all domestic debit card transactions in physical terminals by Norwegian households, to nowcast quarterly Norwegian household consumption. These card payments data are not subject to revisions and are available weekly without delays, providing a valuable early indicator of household spending. To account for mixed‐frequency data, we estimate various quantile mixed‐data sampling (QMIDAS) regressions using predictors sampled at monthly…