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A real-time data set for macroeconomists

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Listed author(s):
  • Croushore, Dean
  • Stark, Tom

Abstract

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.

(This abstract was borrowed from another version of this item.)

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Article provided by Elsevier in its journal Journal of Econometrics.

Volume (Year): 105 (2001)
Issue (Month): 1 (November)
Pages: 111-130

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Handle: RePEc:eee:econom:v:105:y:2001:i:1:p:111-130
Contact details of provider: Web page: http://www.elsevier.com/locate/jeconom

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