Revisions Policy for Official Statistics: A Matter of Governance

By Carol S Carson, Sarmad Khawaja, Thomas K. Morrison

May 1, 2004

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Carol S Carson, Sarmad Khawaja, and Thomas K. Morrison Revisions Policy for Official Statistics: A Matter of Governance, (USA: International Monetary Fund, 2004) accessed September 27, 2024

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 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

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/087
Stock No:

WPIEA0872004
ISBN:

9781451851052
ISSN:

1018-5941

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