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

Author

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  • Mr. Mico Mrkaic

Abstract

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.

Suggested Citation

  • Mr. Mico Mrkaic, 2010. "Data Dissemination Standards and the Statistical Quality of the IMF’s World Economic Outlook Forecasts," IMF Working Papers 2010/203, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2010/203
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    Cited by:

    1. Mitra, Kaushik & Evans, George W. & Honkapohja, Seppo, 2012. "Fiscal policy and learning," Bank of Finland Research Discussion Papers 5/2012, Bank of Finland.
    2. Carraro, Carlo & Campagnolo, Lorenza & Eboli, Fabio & Lanzi, Elisa & Parrado, Ramiro & Portale, Elisa, 2012. "Quantifying Sustainability: A New Approach and World Ranking," Climate Change and Sustainable Development 143124, Fondazione Eni Enrico Mattei (FEEM).
    3. Mai Dao & Prakash Loungani, 2010. "The Human Cost of Recessions; Assessing It, Reducing It," IMF Staff Position Notes 2010/17, International Monetary Fund.
    4. Vladimir Gligorov & Michael Landesmann, 2010. "The Three Debts: A Look from the East," wiiw Policy Notes 4, The Vienna Institute for International Economic Studies, wiiw.
    5. Joseph E. Stiglitz, 2013. "Stable Growth in an Era of Crises; Learning from Economic Theory and History," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 2(1), pages 1-39, January.
    6. Presbitero, Andrea F. & Zazzaro, Alberto, 2012. "IMF Lending in Times of Crisis: Political Influences and Crisis Prevention," World Development, Elsevier, vol. 40(10), pages 1944-1969.
    7. LORANGER, Jean-Guy, 2010. "The myth of demonetarization of gold : can it happen again?," Cahiers de recherche 2010-13, Universite de Montreal, Departement de sciences economiques.
    8. LORANGER, Jean-Guy, 2012. "Did Gold Remain Relevant in the Post-1971 International Monetary System?," Cahiers de recherche 2012-05, Universite de Montreal, Departement de sciences economiques.
    9. Mr. Sampawende J Tapsoba & Mr. Robert C York & Neree C.G.M. Noumon, 2016. "Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?," IMF Working Papers 2016/209, International Monetary Fund.
    10. repec:ilo:ilowps:459401 is not listed on IDEAS
    11. Choi, Sangyup & Hashimoto, Yuko, 2018. "Does transparency pay? Evidence from IMF data transparency policy reforms and emerging market sovereign bond spreads," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 171-190.
    12. Andrea F. Presbitero & Alberto Zazzaro, 2010. "IMF Lending in Low- and Middle-Income Countries in the Wake of the Global Crisis," Development Working Papers 305, Centro Studi Luca d'Agliano, University of Milano.

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