Data Dissemination Standards and the Statistical Quality of the IMF’s World Economic Outlook Forecasts
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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.
Series:
Working Paper No. 2010/203
Subject:
Data dissemination Economic forecasting GDP forecasting Special Data Dissemination Standard (SDDS)
English
Publication Date:
September 1, 2010
ISBN/ISSN:
9781455205349/1018-5941
Stock No:
WPIEA2010203
Pages:
21
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