An Area-Wide Real-Time Database for the Euro Area
Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES); Centre for Economic Policy Research (CEPR)
European Central Bank (ECB)
European Central Bank
Université Libre de Bruxelles (ULB)
CEPR Discussion Paper No. DP7673
This paper describes how we constructed a real-time database for the euro area covering more than 200 series regularly published in the European Central Bank Monthly Bulletin, as made available ahead of publication to the Governing Council members before their first meeting of the month. We describe the database in details and study the properties of the euro area real-time data flow and data revisions, also providing comparisons with the United States and Japan. We finally illustrate how such revisions can contribute to the uncertainty surrounding key macroeconomic ratios and the NAIRU.
Number of Pages in PDF File: 119
Keywords: database, euro area, real-time, revisions
JEL Classification: C01, C82, E24, E58working papers series
Date posted: February 8, 2010
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