Revisions Policy for Official Statistics: A Matter of Governance
May 1, 2004
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Summary
This paper proposes a set of good practices for the revision of macroeconomic data. The authors argue that revisions are a routine part of disseminating quality data. Revisions are made not just to correct errors but also to incorporate better source data, update base periods, and make other improvements. It is argued, using country examples and views from policymakers and other users, that national statistical agencies should have explicit revisions policies.
Subject: Balance of payments statistics, Data Quality Assessment Framework (DQAF), Government finance statistics, Labor, National accounts
Keywords: current account, data user, revised data, revisions policy, WP
Pages:
33
Volume:
2004
DOI:
Issue:
087
Series:
Working Paper No. 2004/087
Stock No:
WPIEA0872004
ISBN:
9781451851052
ISSN:
1018-5941
