Google Econometrics and Unemployment Forecasting

• DOI: 10.3790/aeq.55.2.107
• Publication Date: 2009-06-10T11:44:12Z
• Authors: Nikolaos Askitas; Klaus F Zimmermann
• Keywords: Economic forecasting

The current economic crisis requires fast information to predict behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method using data on internet activity for that purpose. It demonstrates strong correlations between keyword searches and unemployment rates monthly German exhibits a potential the used. JEL Classification: C22, C82, E17, E24, E37