{"id":49133,"date":"2023-11-20T15:46:06","date_gmt":"2023-11-20T14:46:06","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/us-weekly-economic-index-replication-and-extension\/"},"modified":"2025-10-22T22:28:00","modified_gmt":"2025-10-22T20:28:00","slug":"us-weekly-economic-index-replication-and-extension","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/49133\/","title":{"rendered":"US weekly economic index: Replication and extension"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-49133","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We revisit the US weekly economic index (WEI) put forth by Lewis, Mertens, Stock and Trivedi (2021). In a narrow sense, we replicate their main results with data gathered from its original sources. In a wide sense, we apply the methodology established in Wegm\u00fcller, Glocker and Guggia (2023) to adjust the weekly input series for seasonal patterns, calendar day effects, and excess volatility. In a long sense, we show that our proposed data adjustment significantly improves the nowcasting performance of the WEI.","onlinedate":"2023-05-01 02:00:00","lang":"English","publication_series":"","publication_date":"20230501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/doi.org\/10.1002\/jae.2979","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"38","monthly_report_pages":"977\u2013985","monthly_report_pages_sort":"977","issue":"6","journal":"Journal of Applied Econometrics","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[11925,3543],"persons_data":"[{\"personId\":11925,\"personName\":\"Philipp Wegm\u00fcller\",\"organisationNames\":[]},{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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