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The times when official statistics had a monopoly on statistical facts are over. Due to digitalisation, we are instead … shows how the producers of official statistics actually respond to the changing environment. Using illustrative examples, it … development of informed opinion and for times of crises. What framework is needed for official statistics with their unique role …
Persistent link: https://www.econbiz.de/10014452238
Data revisions to national accounts pose a serious challenge to policy decision making. Well-behaved revisions should be unbiased, small and unpredictable. This paper shows that revisions to German national accounts are biased, large and predictable. Moreover, using filtering techniques designed...
Persistent link: https://www.econbiz.de/10012036174
Summary In recent years some papers have been published that deal with the forecasting performance of indicators for the German economy. The real-time aspect, however, was largely neglected. This article analyses the information content of some ifo indicators (the business climate index for the...
Persistent link: https://www.econbiz.de/10014609134
Summary This study utilizes the dynamic factor model of Giannone et al. (2008) in order to make now-/ forecasts of GDP quarter-on-quarter growth rate in Switzerland. It also assesses the informational content of macroeconomic data releases for forecasting of the Swiss GDP. We find that the...
Persistent link: https://www.econbiz.de/10014609407
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Persistent link: https://www.econbiz.de/10003443968
The times when official statistics had a monopoly on statistical facts are over. Due to digitalisation, we are instead … shows how the producers of official statistics actually respond to the changing environment. Using illustrative examples, it … development of informed opinion and for times of crises. What framework is needed for official statistics with their unique role …
Persistent link: https://www.econbiz.de/10014450505
Persistent link: https://www.econbiz.de/10009600412
Persistent link: https://www.econbiz.de/10009601165
Persistent link: https://www.econbiz.de/10009601211