Data Dissemination Standards and the Statistical Quality of the IMF’s World Economic Outlook Forecasts

September 1, 2010

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Format: Chicago

Mico Mrkaic. Data Dissemination Standards and the Statistical Quality of the IMF’s World Economic Outlook Forecasts, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper analyzes the effects of IMF member countries participation in the IMF’s Data Standards Initiatives (DSI) on the statistical quality of WEO forecasts. Results show that WEO forecasts for SDDS subscribers are in general better than for GDDS participants and those member countries than do not participate in the DSIs. Policy implications are that the DSI positively affect the statistical quality of forecasts and by extension improve the necessary conditions for multilateral surveillance and the provision of member countries with high quality policy advice.

Subject: Data dissemination, Economic forecasting, GDP forecasting, Special Data Dissemination Standard (SDDS)

Keywords: Forecast error, Inflation rate, Right, WP

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2010/203
Stock No:

WPIEA2010203
ISBN:

9781455205349
ISSN:

1018-5941

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