Monetary policy analysis and data revisions – vintage combination from a real-time dataset

Matteo Ciccarelli

Research Bulletin, 2012, vol. 15, 7-11

Abstract: Data revision and the uncertainty that it creates are of importance for forecasting and policy analysis. Adjusting for data revisions requires a forecaster or policy-maker to explicitly model the data measurement process, which is diffi cult. This short article illustrates an estimation methodology which is robust to data uncertainty due to the revision process, regardless of its exact nature and without the need to model it. JEL Classification: E5

Keywords: monetary; policy; analysis (search for similar items in EconPapers)
Date: 2012-02
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbrbu:2012:0015:2

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