Revisions Policy for Official Statistics: A Matter of Governance

Carol Carson, Sarmad Khawaja and Thomas Morrison

No 2004/087, IMF Working Papers from International Monetary Fund

Abstract: This paper proposes a set of good practices for the revision of macroeconomic data. The authors argue that revisions are a routine part of disseminating quality data. Revisions are made not just to correct errors but also to incorporate better source data, update base periods, and make other improvements. It is argued, using country examples and views from policymakers and other users, that national statistical agencies should have explicit revisions policies.

Keywords: WP; revisions policy; revised data; current account; data user (search for similar items in EconPapers)
Pages: 33
Date: 2004-05-01
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Citations: View citations in EconPapers (5)

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