Measuring and Communicating the Uncertainty in Official Economic Statistics
Author
Abstract
Suggested Citation
DOI: 10.2478/jos-2020-0013
Download full text from publisher
Other versions of this item:
- Mazzi Gian Luigi & Mitchell James & Carausu Florabela, 2021. "Measuring and Communicating the Uncertainty in Official Economic Statistics," Journal of Official Statistics, Sciendo, vol. 37(2), pages 289-316, June.
References listed on IDEAS
- Silvia Lui & James Mitchell & Martin Weale, 2011.
"Qualitative business surveys: signal or noise?,"
Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 174(2), pages 327-348, April.
- Dr Silvia Lui & Dr Martin Weale & Dr. James Mitchell, 2008. "Qualitative Business Surveys: Signal or Noise?," National Institute of Economic and Social Research (NIESR) Discussion Papers 323, National Institute of Economic and Social Research.
- Severin Bernhard, 2016. "A real-time GDP data set for Switzerland," Economic Studies 2016-09, Swiss National Bank.
- Karagiannis, Elias & Kovacevic', Milorad, 2000. "A Method to Calculate the Jackknife Variance Estimator for the Gini Coefficient," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(1), pages 119-122, February.
- 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.
- Domenico Giannone & Jérôme Henry & Magdalena Lalik & Michèle Modugno, 2010. "An Area Wide Real Time Data Base for the Euro Area," Working Papers ECARES ECARES 2010-026, ULB -- Universite Libre de Bruxelles.
- Giannone, Domenico & Henry, Jérôme & Lalik, Magdalena & Modugno, Michele, 2010. "An area-wide real-time database for the euro area," Working Paper Series 1145, European Central Bank.
- Henry, Jerome & Giannone, Domenico & Lalik, Magdalena & Modugno, Michele, 2010. "An Area-Wide Real-Time Database for the Euro Area," CEPR Discussion Papers 7673, C.E.P.R. Discussion Papers.
- John Geweke, 1978. "The Temporal and Sectoral Aggregation of Seasonally Adjusted Time Series," NBER Chapters, in: Seasonal Analysis of Economic Time Series, pages 411-432, National Bureau of Economic Research, Inc.
- Croushore, Dean & Stark, Tom, 2001.
"A real-time data set for macroeconomists,"
Journal of Econometrics, Elsevier, vol. 105(1), pages 111-130, November.
- Dean Croushore & Tom Stark, 1999. "A real-time data set for macroeconomists," Working Papers 99-4, Federal Reserve Bank of Philadelphia.
- Dean Croushore & Tom Stark, 2003.
"A Real-Time Data Set for Macroeconomists: Does the Data Vintage Matter?,"
The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 605-617, August.
- Dean Croushore & Tom Stark, 1999. "A real-time data set for marcoeconomists: does the data vintage matter?," Working Papers 99-21, Federal Reserve Bank of Philadelphia.
- Reza Modarres & Joseph L. Gastwirth, 2006. "A Cautionary Note on Estimating the Standard Error of the Gini Index of Inequality," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(3), pages 385-390, June.
- repec:taf:jnlbes:v:30:y:2012:i:2:p:173-180 is not listed on IDEAS
- Philipp Bagus, 2011. "Morgenstern's Forgotten Contribution: A Stab to the Heart of Modern Economics," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(2), pages 540-562, April.
- Galvao, Ana Beatriz & Mitchell, James & Runge, Johnny, 2019.
"Communicating Data Uncertainty: Experimental Evidence for U.K. GDP,"
EMF Research Papers
30, Economic Modelling and Forecasting Group.
- Ana Beatriz Galvão & James Mitchell & Johnny Runge, 2019. "Communicating Data Uncertainty: Experimental Evidence for U.K. GDP," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2019-20, Economic Statistics Centre of Excellence (ESCoE).
- Yitzhaki, Shlomo, 1991. "Calculating Jackknife Variance Estimators for Parameters of the Gini Method," Journal of Business & Economic Statistics, American Statistical Association, vol. 9(2), pages 235-239, April.
- Marcel Boumans, 2012. "Observations in a Hostile Environment: Morgenstern on the Accuracy of Economic Observations," History of Political Economy, Duke University Press, vol. 44(5), pages 114-136, Supplemen.
- Qin, Yongsong & Rao, J.N.K. & Wu, Changbao, 2010. "Empirical likelihood confidence intervals for the Gini measure of income inequality," Economic Modelling, Elsevier, vol. 27(6), pages 1429-1435, November.
- Giovanni Maria Giorgi & Chiara Gigliarano, 2017. "The Gini Concentration Index: A Review Of The Inference Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 31(4), pages 1130-1148, September.
- Domenico Piccolo & Rosaria Simone, 2019. "The class of cub models: statistical foundations, inferential issues and empirical evidence," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 28(3), pages 389-435, September.
- Chow, Gregory C & Lin, An-loh, 1971.
"Best Linear Unbiased Interpolation, Distribution, and Extrapolation of Time Series by Related Series,"
The Review of Economics and Statistics, MIT Press, vol. 53(4), pages 372-375, November.
- Tom Doan, "undated". "CHOWLIN: RATS procedure to distribute a series to a higher frequency using related series," Statistical Software Components RTS00036, Boston College Department of Economics.
- Tom Doan, "undated". "DISAGGREGATE: RATS procedure to implement general disaggregation (interpolation/distribution) procedure," Statistical Software Components RTS00050, Boston College Department of Economics.
- Manski, Charles F., 2016. "Credible interval estimates for official statistics with survey nonresponse," Journal of Econometrics, Elsevier, vol. 191(2), pages 293-301.
- Tomson Ogwang, 2000. "A Convenient Method of Computing the Gini Index and its Standard Error," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(1), pages 123-129, February.
- Charles F. Manski, 2015. "Communicating Uncertainty in Official Economic Statistics: An Appraisal Fifty Years after Morgenstern," Journal of Economic Literature, American Economic Association, vol. 53(3), pages 631-653, September.
- repec:taf:jnlbes:v:30:y:2012:i:2:p:181-190 is not listed on IDEAS
- Elias Karagiannis & Milorad Kovacevic', 2000. "A Method to Calculate the Jackknife Variance Estimator For the Gini Coefficient," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(1), pages 119-122, February.
- James Mitchell & Richard J. Smith & Martin R. Weale & Stephen Wright & Eduardo L. Salazar, 2005. "An Indicator of Monthly GDP and an Early Estimate of Quarterly GDP Growth," Economic Journal, Royal Economic Society, vol. 115(501), pages 108-129, February.
- Richard McKenzie, 2006. "Undertaking Revisions and Real-Time Data Analysis using the OECD Main Economic Indicators Original Release Data and Revisions Database," OECD Statistics Working Papers 2006/2, OECD Publishing.
- Richard J. Smith & Martin R. Weale & Steven E. Satchell, 1998. "Measurement Error with Accounting Constraints: Point and Interval Estimation for Latent Data with an Application to U.K. Gross Domestic Product," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 65(1), pages 109-134.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Călin Vâlsan & Elena Druică & Zizi Goschin & Rodica Ianole-Călin, 2024. "The Perception of Economic Growth and the Romanian “Mioritic Syndrome”," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3718-3739, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Berger Yves G. & Balay İklim Gedik, 2020. "Confidence Intervals of Gini Coefficient Under Unequal Probability Sampling," Journal of Official Statistics, Sciendo, vol. 36(2), pages 237-249, June.
- Ana Beatriz Galvão & James Mitchell, 2023.
"Real‐Time Perceptions of Historical GDP Data Uncertainty,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(3), pages 457-481, June.
- Galvao, Ana Beatriz & Mitchell, James, 2020. "Real-Time Perceptions of Historical GDP Data Uncertainty," EMF Research Papers 35, Economic Modelling and Forecasting Group.
- Wang, Dongliang & Zhao, Yichuan & Gilmore, Dirk W., 2016. "Jackknife empirical likelihood confidence interval for the Gini index," Statistics & Probability Letters, Elsevier, vol. 110(C), pages 289-295.
- Encarnación Álvarez-Verdejo & Pablo J. Moya-Fernández & Juan F. Muñoz-Rosas, 2021. "Single Imputation Methods and Confidence Intervals for the Gini Index," Mathematics, MDPI, vol. 9(24), pages 1-20, December.
- Karoly, Lynn & Schröder, Carsten, 2015.
"Fast methods for jackknifing inequality indices,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 37(1), pages 125-138.
- Karoly, Lynn & Schröder, Carsten, 2013. "Fast methods for jackknifing inequality indices," Economics Working Papers 2013-04, Christian-Albrechts-University of Kiel, Department of Economics.
- Lynn A. Karoly & Carsten Schröder, 2014. "Fast Methods for Jackknifing Inequality Indices," SOEPpapers on Multidisciplinary Panel Data Research 643, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Lynn A. Karoly & Carsten Schr der, 2013. "Fast Methods for Jackknifing Inequality Indices," LIS Working papers 601, LIS Cross-National Data Center in Luxembourg.
- Lynn A. Karoly & Carsten Schroder, 2013. "Fast Methods for Jackknifing Inequality Indices," Working Papers WR-1017, RAND Corporation.
- Xiaofeng Lv & Gupeng Zhang & Xinkuo Xu & Qinghai Li, 2017. "Bootstrap-calibrated empirical likelihood confidence intervals for the difference between two Gini indexes," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 15(2), pages 195-216, June.
- Xiaofeng Lv & Gupeng Zhang & Xinkuo Xu & Qinghai Li, 2017. "Bootstrap-calibrated empirical likelihood confidence intervals for the difference between two Gini indexes," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 15(2), pages 195-216, June.
- Judith A. Clarke & Ahmed A. Hoque, 2014. "On Variance Estimation for a Gini Coefficient Estimator Obtained from Complex Survey Data," Econometrics Working Papers 1401, Department of Economics, University of Victoria.
- Kuan Xu, 2007.
"U-Statistics and Their Asymptotic Results for Some Inequality and Poverty Measures,"
Econometric Reviews, Taylor & Francis Journals, vol. 26(5), pages 567-577.
- Kuan Xu, 2006. "U-Statistics and Their Asymptotic Results for Some Inequality and Poverty Measures," Working Papers daleconwp2007-06, Dalhousie University, Department of Economics.
- David E. A. Giles, 2004.
"Calculating a Standard Error for the Gini Coefficient: Some Further Results,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(3), pages 425-433, July.
- David E. A. Giles, 2002. "Calculating a Standard Error for the Gini Coefficient: Some Further Results," Econometrics Working Papers 0202, Department of Economics, University of Victoria.
- Ronald Indergand & Stefan Leist, 2014. "A Real-Time Data Set for Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 150(IV), pages 331-352, December.
- van der Bles, Anne Marthe & van der Liden, Sander & Freeman, Alessandra L. J. & Mitchell, James & Galvao, Ana Beatriz & Spiegelhalter, David J., 2019. "Communicating uncertainty about facts, numbers, and science," EMF Research Papers 22, Economic Modelling and Forecasting Group.
- Ilaria Benedetti & Federico Crescenzi & Tiziana Laureti, 2020. "Measuring Uncertainty for Poverty Indicators at Regional Level: The Case of Mediterranean Countries," Sustainability, MDPI, vol. 12(19), pages 1-19, October.
- Galvao, Ana Beatriz & Mitchell, James, 2019.
"Measuring Data Uncertainty : An Application using the Bank of England’s “Fan Charts” for Historical GDP Growth,"
EMF Research Papers
24, Economic Modelling and Forecasting Group.
- Ana Beatriz Galvão & James Mitchell, 2019. "Measuring Data Uncertainty: An Application using the Bank of England's "Fan Charts" for Historical GDP Growth," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2019-08, Economic Statistics Centre of Excellence (ESCoE).
- Heshmati, Almas, 2004. "Data Issues and Databases Used in Analysis of Growth, Poverty and Economic Inequality," IZA Discussion Papers 1263, Institute of Labor Economics (IZA).
- George Djolov, 2014. "A Note on the Estimation of the Gini Index," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(3), pages 237-256, August.
- Xiaofeng Lv & Gupeng Zhang & Guangyu Ren, 2017. "Gini index estimation for lifetime data," Lifetime Data Analysis: An International Journal Devoted to Statistical Methods and Applications for Time-to-Event Data, Springer, vol. 23(2), pages 275-304, April.
- Barbara Rossi, 2019.
"Forecasting in the presence of instabilities: How do we know whether models predict well and how to improve them,"
Economics Working Papers
1711, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2021.
- Barbara Rossi, 2019. "Forecasting in the Presence of Instabilities: How Do We Know Whether Models Predict Well and How to Improve Them," Working Papers 1162, Barcelona School of Economics.
- Rossi, Barbara, 2020. "Forecasting in the Presence of Instabilities: How Do We Know Whether Models Predict Well and How to Improve Them," CEPR Discussion Papers 14472, C.E.P.R. Discussion Papers.
- Carsten Schröder & Yolanda Golan & Shlomo Yitzhaki, 2014.
"Inequality and the time structure of earnings: evidence from Germany,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(3), pages 393-409, September.
- Schröder, Carsten & Golan, Yolanda & Yitzhaki, Shlomo, 2014. "Inequality and the time structure of earnings: Evidence from Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12(3), pages 349-409.
- Peter A.G. van Bergeijk, 2017. "Making Data Measurement Errors Transparent: The Case of the IMF," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 18(3), pages 133-154, July.
More about this item
Keywords
Measurement error; data revisions; official economic statistics; data communication;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:offsta:v:37:y:2021:i:2:p:289-316:n:6. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.