Seasonality in revisions of macroeconomic data
2008-04-14
Research Paper
pp 1-16.
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We analyze five vintages of eighteen quarterly macroeconomic variables for the Netherlands and we focus on the degree of deterministic seasonality in these series. We document that the data show most such deterministic seasonality for their first release vintage and for the last available vintage. In between vintages show a variety of seasonal patterns. We show that seasonal patterns in later vintages can hardly be predicted by those in earlier vintages. The consequences of these findings for the interpretation and modeling of macroeconomic data are discussed.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- C82 : Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
- C52 : Model Evaluation and Testing
- E20 : Consumption, Saving, Production, Employment, and Investment: General
- C32 : Time-Series Models; Dynamic Quantile Regressions
Automatically Extracted Terms
- seasonality
- 2-2004q
- model
- value
- vintage
- parameter
- table
- estimate
- time series models
- variable
- series
- statistic
- quarter
- release
- 4 l 4
- release data
- degree
- 4 parameters
- section
- sample
