A real-time historical database for the OECD

Adriana Fernandez, Evan Koenig and Alex Nikolsko-Rzhevskyy

No 96, Globalization Institute Working Papers from Federal Reserve Bank of Dallas

Abstract: Ongoing economic globalization makes real-time international data increasingly relevant, though little work has been done on collecting and analyzing real-time data for economies other than the U.S. In this paper, we introduce and examine a new international real-time dataset assembled from original quarterly releases of 13 quarterly variables presented in the OECD Main Economic Indicators from 1962 to 1998 for 26 OECD countries. By merging this data with the current OECD real-time dataset, which starts in 1999, researchers get access to a standard, up-to-date resource. To illustrate the importance of using real-time data in macroeconomic analysis, we consider five economic applications analyzed from a real-time perspective.

Keywords: Macroeconomics - Econometric models; Forecasting (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:feddgw:96

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