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

• 成果类型: Article
• 署名作者: Giannone, Domenico; Henry, Jerome; Lalik, Magdalena; Modugno, Michele
• 署名单位: Universite Libre de Bruxelles; European Central Bank; European Central Bank
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00317
• 发表日期: 2012-11
• 页码: 1000-1013
• 关键词: data set; macroeconomists

摘要

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.