Database of Global Economic Indicators (DGEI): A Methodological Note

Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 166

93 Pages Posted: 14 Jan 2014 Last revised: 15 Jul 2015

See all articles by Valerie Grossman

Valerie Grossman

Federal Reserve Banks - Federal Reserve Bank of Dallas

Adrienne Mack

Federal Reserve Banks - Federal Reserve Bank of Dallas

Enrique Martínez-García

Federal Reserve Bank of Dallas - Research Department

Multiple version iconThere are 2 versions of this paper

Date Written: December 30, 2013

Abstract

The Database of Global Economic Indicators (DGEI) from the Federal Reserve Bank of Dallas is aimed at standardizing and disseminating world economic indicators for policy analysis and scholarly work on the role of globalization. The purpose of DGEI is to offer a broad perspective on how economic developments around the world influence the U.S. economy with a wide selection of indicators. DGEI is automated within an Excel-VBA and E-views framework for the processing and aggregation of multiple country time series. It includes a core sample of 40 countries with available indicators and broad coverage. Country groupings include rest of the world (ex. the U.S.) aggregates and subgroups of countries by development attainment and trade openness. The indicators currently tracked include real GDP, industrial production (IP), Purchasing Managers’ Index (PMI), merchandise exports and imports, headline CPI, CPI (ex. food and energy), PPI/WPI inflation, nominal and real exchange rates, official/policy interest rates, and long-term interest rates. All series are monthly, with the exception of real GDP which is reported at a quarterly frequency. Aggregation is based on trade shares with the U.S. The Globalization and Monetary Policy Institute publishes the aggregate indicators as well as additional country detail on its website with an accompanying slideshow on Global Economic Conditions. This note provides a technical description of the methodology implemented to construct the DGEI.

Keywords: Global Indicators; Aggregation Methods; Global Cycles

JEL Classification: C80, C82, E00, E66, F60

Suggested Citation

Grossman, Valerie and Mack, Adrienne and Martinez-Garcia, Enrique, Database of Global Economic Indicators (DGEI): A Methodological Note (December 30, 2013). Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 166, Available at SSRN: https://ssrn.com/abstract=2378572 or http://dx.doi.org/10.2139/ssrn.2378572

Valerie Grossman

Federal Reserve Banks - Federal Reserve Bank of Dallas ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

Adrienne Mack

Federal Reserve Banks - Federal Reserve Bank of Dallas ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

Enrique Martinez-Garcia (Contact Author)

Federal Reserve Bank of Dallas - Research Department ( email )

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States
214-922-5262 (Phone)

HOME PAGE: http://sites.google.com/view/emgeconomics

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