AN AREA-WIDE REAL-TIME DATABASE FOR THE EURO AREA

AN AREA-WIDE REAL-TIME DATABASE FOR THE EURO AREA

This paper describes how we constructed a real-time database for the euro area. The database covers more than 200 series regularly published in the European Central Bank Monthly Bulletin, as made available to the Governing Council members for their first monthly meeting. We study the properties of t...

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Veröffentlicht in:The review of economics and statistics 2012-11, Vol.94 (4), p.1000-1013
Hauptverfasser: Giannone, Domenico, Henry, Jérôme, Lalik, Magdalena, Modugno, Michele
Format: Artikel
Sprache:eng
Schlagworte:
Economic theory
Euro Zone
European Central Bank
Eurozone
Gross domestic product
Inflation rate
Japan
Macroeconomics
Real gross domestic product
Real time
Standard deviation
Studies
Terms of trade
U.S.A
Uncertainty
Unemployment
Unemployment rates
Western Europe
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Beschreibung
Zusammenfassung:This paper describes how we constructed a real-time database for the euro area. The database covers more than 200 series regularly published in the European Central Bank Monthly Bulletin, as made available to the Governing Council members for their first monthly meeting. We study the properties of the real-time data flow and data revisions in the euro area, also providing comparisons with the United States and Japan. We illustrate how revisions contribute to the uncertainty surrounding key macroeconomic ratios and the non-accelerating inflation rate of unemployment.
ISSN:0034-6535
1530-9142
DOI:10.1162/REST_a_00317