Sesgos de revisión en el Estimador Mensual de Actividad Económica de Argentina

Revision biases in the Monthly Estimator of Economic Activity of Argentina

Luis Frank

MPRA Paper from University Library of Munich, Germany

Abstract: The article presents evidence of bias in the revisions of the EMAE, both in the mean and in the variance. The biases are bearish on the monthly and quarterly revisions (around -0.18 and -0.16%, respectively), and bullish (+0.34%) on the annual revisions. The monthly and quarterly biases are attributed to the series reconciliation process, while the annual biases are attributed to the distribution of the so-called "statistical discrepancy" among the macroeconomic aggregates. Due to the complexity of the covariance structure produced by the revisions, it is recommended, for econometric purposes, to use series without revision or revised only once.

Keywords: Monthly Estimator of Economic Activity; EMAE; revision bias (search for similar items in EconPapers)
JEL-codes: E01 (search for similar items in EconPapers)
Date: 2022-10-02
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/115248/1/MPRA_paper_115248.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115248

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().