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A real-time data set for macroeconomists Author info | Abstract | Publisher info | Download info | Related research | Statistics Dean Croushore
Tom Stark
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This paper presents the concept and uses of a real-time data set that can be used by economists for testing the robustness of published econometric results, for analyzing policy, and for forecasting. The data set consists of vintages, or snapshots, of the major macroeconomic data available at quarterly intervals in real time. The paper illustrates why such data may matter, explains the construction of the data set, examines the properties of several of the variables in the data set across vintages, examines key empirical papers in macroeconomics and investigates their robustness to different vintages, looks at how policy analysis may be affected by data revisions, and shows how forecasts can be affected by data revisions.
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Paper provided by Federal Reserve Bank of Philadelphia in its series Working Papers with number
99-4.
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Date of creation: 1999Date of revision:
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Keywords: Forecasting Macroeconomics Other versions of this item:
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