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

119 Pages Posted: 8 Feb 2010

See all articles by Domenico Giannone

Domenico Giannone

Federal Reserve Banks - Federal Reserve Bank of New York; Centre for Economic Policy Research (CEPR)

Jerome Henry

European Central Bank (ECB)

Magdalena Lalik

European Central Bank

Michele Modugno

Board of Governors of the Federal Reserve System

Multiple version iconThere are 2 versions of this paper

Date Written: January 2010

Abstract

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.

Keywords: database, euro area, real-time, revisions

JEL Classification: C01, C82, E24, E58

Suggested Citation

Giannone, Domenico and Henry, Jerome and Lalik, Magdalena and Modugno, Michele, An Area-Wide Real-Time Database for the Euro Area (January 2010). CEPR Discussion Paper No. DP7673. Available at SSRN: https://ssrn.com/abstract=1547612

Domenico Giannone (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Jerome Henry

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany
+49 69 1344 7614 (Phone)
+49 69 1344 6575 (Fax)

Magdalena Lalik

European Central Bank ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Michele Modugno

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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