A Real-Time Data Set for Macroeconomists: Does the Data Vintage Matter?
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- 1 August 2003
- journal article
- Published by MIT Press in The Review of Economics and Statistics
- Vol. 85 (3) , 605-617
- https://doi.org/10.1162/003465303322369759
Abstract
This paper uses a real-time data set to analyze data revisions and to test the robustness of published econometric results. The data set consists of vintages, or snapshots, of the major macroeconomic data available at quarterly intervals in real time. The paper illustrates why such data may matter, examines the properties of several of the variables in the data set across vintages, and examines key empirical papers in macroeconomics, investigating their robustness to different vintages.Keywords
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