Template-Type: ReDIF-Paper 1.0
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Author-Name: Segers, R.
Author-Name-Last: Segers
Author-Name-First: René
Author-Person: pse130
Title: Seasonality in revisions of macroeconomic data
Abstract: 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.
Creation-Date: 2008-04-14
File-URL: https://repub.eur.nl/pub/12211/EI200809.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2008-09
Classification-JEL: C32, C52, C82, E20
Keywords: real-time data, seasonality
Handle: RePEc:ems:eureir:12211