High Frequency Indicators of Economic Activity/Quarterly National Accounts-Advanced (IEA)
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Bibliographic details
- Session: HQ 24.01
- Location: Washington, D.C., United States
- Dates: February 26, 2024 - March 8, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Course overview and logistics
- Session No.: HQ 24.01
- Location: Washington, D.C., United States
- Date: February 26, 2024 - March 8, 2024 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Status: Deadline passed
Target audience and qualifications
- Target Audience:
- Officials responsible for compiling short-term or monthly economic indicators in central banks and statistical offices.
- Qualifications:
- Participants should have a degree in economics or statistics or equivalent experience.
Course description
- Presented by the Statistics Department.
- Focus:
- Identification and assessment of elementary indicators and techniques for combining them into a single index of economic activity to track national trends.
- Flash estimates or indexes of economic activity that bring together a range of elementary indicators to give timely general measures of economic activity.
- Rationale:
- Flash estimates provide timely information that complements annual and quarterly GDP estimates, which are more comprehensive but usually only available after substantial lags, and provide a more comprehensive picture than individual monthly and quarterly indicators, which are up-to-the-minute but reflect just a portion of the total economy.
- Practical emphasis:
- Course is for actual or potential compilers of short-term indicators in central banks and statistical offices and for those who collect data for monthly indicators.
- Participants are expected to work with their own monthly and quarterly time series during the course.
- These indicators will be used in the practical session as the basis for experimental estimates.
Course objectives (upon completion)
- Explain the nature and potential uses of high frequency statistics on economic activity as well as their relation and consistency within the system of national accounts.
- Develop a simple framework to compile an index of economic activity, from collection of source data to implementation of simple statistical methods and index compilation techniques.
- Exploit useful short-term information contained in the IEA by applying some analytical tools, deriving tables, and statistical procedures.
References