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dc.contributor.authorDöpke, Jörgen_US
dc.date.accessioned2009-01-28T15:58:50Z-
dc.date.available2009-01-28T15:58:50Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19478-
dc.description.abstractThis paper examines the consequences of using "real-time" data for business cycle analysis in Germany based on a novel data set covering quarterly real output data from 1968 to 2001. Real-time output gaps are calculated. They differ considerably from their counterparts based on the most recent data. Moreover, they are not rational forecasts of the final series. The consequences of using real-time data for inflation forecasts, the dynamic interaction of output gaps and inflation, and stylised facts of the business cycle are also addressed. The results suggest that revisions of data and estimates can seriously distort research and policy implications.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,11en_US
dc.subject.jelE32en_US
dc.subject.jelC53en_US
dc.subject.ddc330en_US
dc.subject.keywordReal-time dataen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordoutput gapen_US
dc.subject.keywordVARen_US
dc.subject.keywordinflationen_US
dc.subject.keywordGermanyen_US
dc.subject.stwKonjunkturstatistiken_US
dc.subject.stwKonjunkturforschungen_US
dc.subject.stwKonjunkturprognoseen_US
dc.subject.stwWirtschaftspotentialen_US
dc.subject.stwMessungen_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwDeutschlanden_US
dc.titleReal-time data and business cycle analysis in Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn386889643en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:2020-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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