We sketch a framework for monitoring macroeconomic activity in real-time and push it in new directions. In particular, we focus not only on real activity, which has received most attention to date, but also on inflation and its interaction with real activity.
Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and InteractionsS. Boragan Aruoba and Francis X. Diebold ,
American Economic Review Papers and Proceedings