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Croushore, Dean. 2011. "Frontiers of Real-Time Data Analysis."
,
49(1): 72-100.
Show Article Details
DOI: 10.1257/jel.49.1.72
Abstract:In the past ten years, researchers have explored the impact of data revisions in
many different contexts. Researchers have examined the properties of data revisions, how structural modeling is affected by data revisions, how data revisions affect forecasting, the impact of data revisions on monetary policy analysis, and the use of real-time data in current analysis. This paper summarizes many of the questions for which real-time data analysis has provided answers. In addition, researchers and institutions have developed better real-time data sets around the world. Still, additional research is needed in key areas and research to date has uncovered even more fruitful areas worth exploring. ( JEL C52, C53, C80, E01)
Authors:
Croushore, Dean (U Richmond and Federal Reserve Bank of Philadelphia)
JEL Classifications:
C52: Model Evaluation, Validation, and Selection
C53: Forecasting Methods; Simulation Methods
C80: Data Collection and Data Estimation Methodology; Computer Programs: General
E01: Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
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