Why Statistics Matter

Central Banking, v. XVI, no. 2, November 2005

2 Pages Posted: 22 Jan 2013

See all articles by Steve H. Hanke

Steve H. Hanke

Johns Hopkins University - Department of Economics

Date Written: 2005

Abstract

More care should be taken in presenting important statistics. Error and uncertainty in economic data renders it noisy As the noise in reported date increases, it interferes with the detection and interpretation of movements in the true value of the underlying data. Indeed, a noisy series is especially problematic when it is used to design, implement and interpret monetary policy.

Keywords: Steve Hanke, Central Banking, Statistics, Economic Data

Suggested Citation

Hanke, Steve H., Why Statistics Matter (2005). Central Banking, v. XVI, no. 2, November 2005. Available at SSRN: https://ssrn.com/abstract=2204691

Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

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