An Area-Wide Real-Time Database for the Euro Area

Domenico Giannone, Jerome Henry, Magdalena Lalik and Michele Modugno
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Magdalena Lalik: European Central Bank, DG, Statistics

The Review of Economics and Statistics, 2012, vol. 94, issue 4, 1000-1013

Abstract: 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. © 2012 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Keywords: real-time; euro area; revisions; database; data uncertainty (search for similar items in EconPapers)
JEL-codes: C01 C82 E24 E58 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (59)

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Related works:
Working Paper: An Area-Wide Real-Time Database for the Euro Area (2010)
Working Paper: An Area Wide Real Time Data Base for the Euro Area (2010)
Working Paper: An area-wide real-time database for the euro area (2010)
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