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

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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. A Theoretical Prelude; A. Timing conventions; B. Properties of Optimal Forecasts; C. Data Dissemination Standards and Forecast Statistical quality; Figure 1: An example of SDDS and GDDS periodicity and timeliness requirements; III. The Data Set; A. Data Coverage by Year and by Region; Table 1. Data coverage by years; Table 2. Data coverage by region; B. Descriptive Statistics of Forecast Errors; Table 3. Descriptive statistics of the forecast errors; C. The Distribution of Forecast Errors
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
Form Of Item

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