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Google Econometrics and Unemployment Forecasting

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  2. Economics, Finance, Business & Management
  3. Applied Economics Quarterly
  4. Vol. 55, Issue 2
  5. pp. 107–120

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Askitas, N., Zimmermann, K. Google Econometrics and Unemployment Forecasting. Applied Economics Quarterly, 55(2), 107-120. https://doi.org/10.3790/aeq.55.2.107
Askitas, Nikolaos and Zimmermann, Klaus F "Google Econometrics and Unemployment Forecasting" Applied Economics Quarterly 55.2, , 107-120. https://doi.org/10.3790/aeq.55.2.107
Askitas, Nikolaos/Zimmermann, Klaus F: Google Econometrics and Unemployment Forecasting, in: Applied Economics Quarterly, vol. 55, iss. 2, 107-120, [online] https://doi.org/10.3790/aeq.55.2.107
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Google Econometrics and Unemployment Forecasting

Askitas, Nikolaos | Zimmermann, Klaus F

Applied Economics Quarterly, Vol. 55 (2009), Iss. 2 : pp. 107–120

296 Citations (CrossRef)

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/aeq.55.2.107
Language
English
Pages
14

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Author Details

1Nikolaos Askitas, Bonn University, IZA, 53072 Bonn, Germany.

2Klaus F. Zimmermann, Bonn University, IZA, 53072 Bonn, Germany, and DIW Berlin, Germany.

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Abstract

The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches and unemployment rates using monthly German data and exhibits a strong potential for the method used.

JEL Classification: C22, C82, E17, E24, E37

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