The effects of inflation and the business cycle on revisions of macroeconomic data

Bajada, C

The effects of inflation and the business cycle on revisions of macroeconomic data

Bajada, C

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Publication Type:: Journal Article
Citation:: Australian Economic Review, 2002, 35 (3), pp. 276 - 286
Issue Date:: 2002-01-01

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Field	Value	Language
dc.contributor.author	Bajada, C https://orcid.org/0000-0003-0590-1492	en_US
dc.date.issued	2002-01-01	en_US
dc.identifier.citation	Australian Economic Review, 2002, 35 (3), pp. 276 - 286	en_US
dc.identifier.issn	0004-9018	en_US
dc.identifier.uri	http://hdl.handle.net/10453/5147
dc.description.abstract	Although national accounts data provide the most comprehensive overview of economic activity, preliminary estimates are subject to much revision before they are regarded as reliable indicators. Oddly enough, the market acts on the preliminary estimates as though they were final and complete. Even though there exists a considerable international literature on the statistical properties of these revisions, little attention has been devoted to the effects of inflation and the business cycle on the size and direction of these early revisions. The aim of this article is to provide the first known examination of these effects. The findings in this article suggest that preliminary estimates are more reliable in periods of low inflationary economic growth.	en_US
dc.relation.ispartof	Australian Economic Review	en_US
dc.relation.isbasedon	10.1111/1467-8462.00243	en_US
dc.subject.classification	Economics	en_US
dc.title	The effects of inflation and the business cycle on revisions of macroeconomic data	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	35	en_US
utslib.for	140215 Public Economics- Taxation and Revenue	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	35	en_US

Abstract:

Although national accounts data provide the most comprehensive overview of economic activity, preliminary estimates are subject to much revision before they are regarded as reliable indicators. Oddly enough, the market acts on the preliminary estimates as though they were final and complete. Even though there exists a considerable international literature on the statistical properties of these revisions, little attention has been devoted to the effects of inflation and the business cycle on the size and direction of these early revisions. The aim of this article is to provide the first known examination of these effects. The findings in this article suggest that preliminary estimates are more reliable in periods of low inflationary economic growth.

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http://hdl.handle.net/10453/5147