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Bayesian Model Averaging (BMA) provides a coherent mechanism to address the problem of model uncertainty. In this paper we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables appear as regressors. We propose a Limited Information Bayesian Model Averaging (LIBMA) methodology and then test it using simulated data. Simulation results suggest that asymptotically our methodology performs well both in Bayesian model selection and averaging. In particular, LIBMA recovers the data generating process very well, with high posterior inclusion probabilities for all the relevant regressors, and parameter estimates very close to the true values. These findings suggest that our methodology is well suited for inference in dynamic panel data models with short time periods in the presence of endogenous regressors under model uncertainty.

Social Sciences --- Social Sciences - General --- Panel analysis. --- Bayesian statistical decision theory. --- Bayes' solution --- Bayesian analysis --- Panel studies --- Statistical decision --- Social sciences --- Statistics --- Methodology --- Econometrics --- Data Processing --- Bayesian Analysis: General --- Estimation --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Bayesian inference --- Econometrics & economic statistics --- Data capture & analysis --- Bayesian models --- Estimation techniques --- Data processing --- Econometric models --- Electronic data processing

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This paper suggests a way forward in the effort to measure statistical capacity building by combining features of two tools – the Project Management System, a logical framework methodology that the IMF Statistics Department uses to plan, monitor, and evaluate technical assistance projects, and the Data Quality Assessment Framework, a methodology for assessing data quality that brings together best practices and internationally accepted concepts and definitions in statistics.

Macroeconomics --- Statistics --- Data Transmission Systems --- Databases --- Other Special Topics: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Methodology for Collecting, Estimating, and Organizing Macroeconomic Data --- Data Access --- General Aggregative Models: General --- Data capture & analysis --- Data Quality Assessment Framework (DQAF) --- Data dissemination --- Data collection --- Special Data Dissemination Standard (SDDS) --- National accounts --- Economic statistics --- Data transmission systems --- National income

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This paper analyzes the effectiveness of technical assistance provided by AFRITAC West (AFW) in the area of national accounts using the Fund's Technical Assistance Information Management System (TAIMS). The challenge has been to report on "ultimate outcomes" (i.e., the production and dissemination of national accounts statistics along best international practices) rather than on "inputs" (i.e., the number of national accounts missions fielded by AFW), as it has been the case to date. The paper concludes that the "ultimate outcome" of producing and disseminating robust national accounts is work in progress, with AFW's technical assistance efforts mainly focusing on source data assessments and methodological issues underpinning the compilation of national accounts. The pending challenge is to further support a more timely production and dissemination of national accounts data, as recommended in the Data ROSCs and by the IMF mission teams to AFW member countries.

Macroeconomics --- Statistics --- Data Processing --- Data Transmission Systems --- Databases --- General Aggregative Models: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Methodology for Collecting, Estimating, and Organizing Macroeconomic Data --- Data Access --- Data capture & analysis --- National accounts --- Data dissemination --- Data Quality Assessment Framework (DQAF) --- Data processing --- Data collection --- National income --- Data transmission systems --- Economic statistics --- Electronic data processing --- Senegal

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This technical note focuses on recent developments to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency and Data Modules for Sweden. The authorities are implementing recommendations of the fiscal ROSC module. The government has decided to reform the state audit organization (RRV) as recommended by the report. Effective 2003, the RRV will be transformed from a government agency to an audit office under parliament, staffed by independent officials. The authorities are also following up on recommendations regarding data-related standards and codes.

Public Finance --- Data Processing --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Public Administration --- Public Sector Accounting and Audits --- Auditing --- Fiscal Policy --- Data capture & analysis --- Public finance & taxation --- Management accounting & bookkeeping --- Macroeconomics --- Data processing --- Fiscal transparency code --- Fiscal transparency --- Fiscal policy --- Economic and financial statistics --- Public financial management (PFM) --- Electronic data processing --- Sweden

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This Report on the Observance of Standards and Codes (ROSC) Data Module provides an assessment of Mexico’s macroeconomic statistics against the Special Data Dissemination Standard (SDDS) complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework (DQAF) 2012. Mexico’s Consumer Price Index (CPI) and Producer Price Index (PPI) have solid institutional, conceptual and methodological, and source data foundations achieved through implementation of international best practices. Implementation of good practice extends to the serviceability and dissemination aspects of both indexes. It is also observed that CPI and PPI both benefit from the application of sound practices in concepts and methods.

Fiscal policy --- Macroeconomics. --- Economics --- Foreign Exchange --- Macroeconomics --- Statistics --- Price Level --- Inflation --- Deflation --- General Aggregative Models: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Currency --- Foreign exchange --- Data capture & analysis --- Consumer price indexes --- Producer price indexes --- Price indexes --- National accounts --- Purchasing power parity --- Prices --- National income --- Economic statistics --- Mexico