Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis

March 7, 2013

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008 financial crisis. The results indicate that larger and more downward revisions were observed during the years 2008 and 2009 than in previous years.

Subject: Business cycles, Economic growth, Financial crises, Global financial crisis of 2008-2009, National accounts

Keywords: Africa, Business cycles, compilation system, GDP estimate, GDP revision, Global, Global financial crisis of 2008-2009, Gross Domestic Product, quarterly GDP, Quarterly National Accounts, revision process, Revisions Analysis, WP

Pages:
43
Volume:
2013
DOI:
https://doi.org/10.5089/9781475557398.001
Issue:
060
Series:
Working Paper No. 2013/060
Stock No:
WPIEA2013060
ISBN:
9781475557398
ISSN:
1018-5941

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