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Replicability, real-time data, and the science of economic research: FRED, ALFRED, and VDC

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  • Richard G. Anderson

Abstract

This article discusses the linkages between two recent themes in economic research: "real time" data and replication. These two themes share many of the same ideas, specifically, that scientific research itself has a time dimension. In research using real-time data, this time dimension is the date on which particular observations, or pieces of data, became available. In work with replication, it is the date on which a study (and its results) became available to other researchers and/or was published. Recognition of both dimensions of scientific research is important. A project at the Federal Reserve Bank of St. Louis to place large amounts of historical data on the Internet holds promise to unify these two themes.

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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (2006)
Issue (Month): Jan ()
Pages: 81-93

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Handle: RePEc:fip:fedlrv:y:2006:i:jan:p:81-93:n:v.88no.1

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Keywords: Research ; Federal Reserve Bank of St. Louis;

References

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Cited by:
  1. Domenico Giannone & Jérôme Henry & Magdalena Lalik & Michele Modugno, 2012. "An Area-Wide Real-Time Database for the Euro Area," The Review of Economics and Statistics, MIT Press, vol. 94(4), pages 1000-1013, November.
  2. Roderick Hill, 2008. "Optimal taxation and economic growth: a comment," Public Choice, Springer, vol. 134(3), pages 419-427, March.
  3. Hara, Naoko & Ichiue, Hibiki, 2011. "Real-time analysis on Japan's labor productivity," Journal of the Japanese and International Economies, Elsevier, vol. 25(2), pages 107-130, June.

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