A New Database of Global Economic Indicators

Q3 Social Sciences

Journal of Economic and Social Measurement Pub Date : 2014-01-01 DOI:10.3233/JEM-140391

Valerie Grossman, Adrienne Mack, Enrique Martínez-García

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引用次数: 32

Abstract

The Database of Global Economic Indicators (DGEI) from the Federal Reserve Bank of Dallas aims to standardize and disseminate economic indicators for policy analysis and scholarly work on the role of globalization. Its main purpose is to offer a broad perspective on a number of global factors affecting the U.S. economy. DGEI indicators are based on a core sample of 40 countries with aggregates for the rest of the world (ex. the U.S.) and by level of development attainment and openness to trade. DGEI indicators currently include real GDP, industrial production (IP), Purchasing Managers Index (PMI), merchandise exports and imports, headline CPI, core CPI (ex. food and energy), PPI/WPI inflation, nominal and real exchange rates, and short-term interest rates. Here we describe our methodology to transform and combine different time series, for temporal and cross-country aggregation, and to highlight the importance of using representative data in international macroeconomics research. Our paper makes a related contribution to the literature by providing a formal assessment of conventional interpolation methods used to adjust the data frequency. A selection of the DGEI-derived global indicators – to be updated monthly – can be accessed at the following URL: http://www.dallasfed.org/institute/dgei/index.cfm.

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一个新的全球经济指标数据库

达拉斯联邦储备银行的全球经济指标数据库(DGEI)旨在标准化和传播经济指标，用于政策分析和关于全球化作用的学术工作。它的主要目的是对影响美国经济的一些全球因素提供一个广阔的视角。gei指标是基于40个国家的核心样本，以及世界其他地区(美国除外)的总和，并根据发展水平和贸易开放程度制定的。目前，DGEI指标包括实际GDP、工业生产(IP)、采购经理人指数(PMI)、商品进出口、总体CPI、核心CPI(除食品和能源外)、PPI/WPI通胀、名义和实际汇率以及短期利率。在这里，我们描述了我们转换和组合不同时间序列的方法，用于时间和跨国汇总，并强调了在国际宏观经济学研究中使用代表性数据的重要性。我们的论文通过提供用于调整数据频率的传统插值方法的正式评估，对文献做出了相关贡献。可通过以下网址访问gegi衍生的一系列全球指标(每月更新):http://www.dallasfed.org/institute/dgei/index.cfm。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic and Social Measurement Social Sciences-Social Sciences (all)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.