Corpus ID: 235755372

Big Data Information and Nowcasting: Consumption and Investment from Bank Transactions in Turkey

@article{Barlas2021BigDI,
  title={Big Data Information and Nowcasting: Consumption and Investment from Bank Transactions in Turkey},
  author={Ali Batuhan Barlas and Seda Guler Mert and Berk Orkun Isa Alvaro Ortiz and Tomasa Rodrigo and Barış Soybilgen and Ege Yazgan},
  journal={ArXiv},
  year={2021},
  volume={abs/2107.03299}
}
We use the aggregate information from individual-to-firm and firm-to-firm in Garanti BBVA Bank transactions to mimic domestic private demand. Particularly, we replicate the quarterly national accounts aggregate consumption and investment (gross fixed capital formation) and its bigger components (Machinery and Equipment and Construction) in real time for the case of Turkey. In order to validate the usefulness of the information derived from these indicators we test the nowcasting ability of both… Expand

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