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This paper describes work in progress on data quality, an important element of greater transparency in economic policy and financial stability. Data quality is being dealt with systematically by the IMF through the development of data quality assessment frameworks complementing the IMF’s Special Data Dissemination Standard (SDDS) and General Data Dissemination System (GDDS). The aim is to improve the quality of data provided by countries to the IMF; and to assess evenhandedly the quality of countries’ data in Reports on the Observance of Standards and Codes. The frameworks bring together best practices including those of the United Nations Fundamental Principles of Official Statistics.
Macroeconomics --- Statistics --- Data Transmission Systems --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Methodology for Collecting, Estimating, and Organizing Macroeconomic Data --- Data Access --- Labor Economics: General --- Data capture & analysis --- Labour --- income economics --- Data Quality Assessment Framework (DQAF) --- Labor --- Special Data Dissemination Standard (SDDS) --- Data dissemination --- Economic statistics --- Data transmission systems --- Labor economics --- Russian Federation --- Income economics
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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 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.
Economics --- Economic statistics --- Econometrics --- Statistical methods. --- Macroeconomics --- Statistics --- General Aggregative Models: General --- Current Account Adjustment --- Short-term Capital Movements --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Computer Programs: Other --- Labor Economics: General --- Econometrics & economic statistics --- Data capture & analysis --- Labour --- income economics --- National accounts --- Balance of payments statistics --- Data Quality Assessment Framework (DQAF) --- Government finance statistics --- Labor --- National income --- Balance of payments --- Finance --- Labor economics --- United States --- Income economics
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This report on the Observance of Standards and Codes (ROSC) data module provides an assessment of Namibia’s monetary statistics against the recommendations of the General Data Dissemination System complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework. Based on the review of Namibia’s statistical practices, the mission provided a set of recommendations designed to increase further Namibia’s adherence to internationally accepted statistical practices. These recommendations, in the mission’s view, would also enhance the analytical usefulness of Namibia’s monetary statistics.
Accounting --- Banks and Banking --- Statistics --- Data Processing --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Computer Programs: General --- Public Administration --- Public Sector Accounting and Audits --- Econometrics & economic statistics --- Banking --- Data capture & analysis --- Financial reporting, financial statements --- Monetary statistics --- Data Quality Assessment Framework (DQAF) --- Commercial banks --- Financial statements --- Economic and financial statistics --- Financial institutions --- Public financial management (PFM) --- Government finance statistics --- Economic indicators --- Banks and banking --- Economic statistics --- Finance, Public --- Finance --- Namibia
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The paper reviews the developments in the last 12 years that have influenced the evolution of the IMF's General Data Dissemination System, leading to reforms to enhance its role. The GDDS itself is part of a broader IMF Data Standards Initiative launched in 1996 to help address macroeconomic data deficiencies, which contributed to the emerging economies' financial crisis during the early 1990s. The review takes stock of the experience with statistical technical assistance provided to member countries and the ongoing reforms, within and outside the IMF, to strengthen the GDDS. Such reforms are particularly relevant in the context of the ongoing economic and financial crisis, which once again underscores the role of statistics in guiding policymakers to strengthen defenses against future crises.
Economics -- Information services -- Evaluation. --- Finance -- Information services -- Evaluation. --- Statistical services -- Evaluation. --- Finance: General --- Statistics --- Data Transmission Systems --- Methodology for Collecting, Estimating, and Organizing Macroeconomic Data --- Data Access --- General Financial Markets: General (includes Measurement and Data) --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Data capture & analysis --- Finance --- Special Data Dissemination Standard (SDDS) --- Data dissemination --- International capital markets --- Data Quality Assessment Framework (DQAF) --- Data transmission systems --- Capital market --- Economic statistics --- Economics --- Statistical services --- Information services --- Evaluation.
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This note provides guidance on use of third-party indicators (TPIs) in Fund reports, in line with the policy endorsed by the Board in November 2017.
Non-governmental organizations. --- Corporation reports. --- Finance --- Statistics. --- Administrative Processes in Public Organizations --- Bureaucracy --- Business enterprises --- Business environment --- Comparative Studies of Countries --- Computer Programs: General --- Corporate crime --- Corporate Finance --- Corruption --- Crime --- Criminology --- Cross country analysis --- Data capture & analysis --- Data Collection and Data Estimation Methodology --- Data Quality Assessment Framework (DQAF) --- Economic and financial statistics --- Economic sectors --- Economic statistics --- Economic theory & philosophy --- Economic Theory --- Economics --- Financial Institutions and Services: General --- Statistics --- White-collar crime --- El Salvador
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Both national accounts and balance of payments are based on multiple, complex source data and typically undergo several routine revisions as more and better source data are incorporated into the final estimates. As a result, neither dataset can be subjected directly to the usual statistical measures of sampling biases, variances, and other measurement error properties. In this context, this note, which is addressed to those interested in these datasets and others, explores four approaches that shed light on the accuracy and reliability of these datasets: examination of statistical discrepancies, comparison with other data, analysis of revisions, and judgmental evaluation.
Accounting --- Macroeconomics --- Statistics --- Macroeconomics and Monetary Economics: General --- International Economics: General --- General Aggregative Models: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Public Administration --- Public Sector Accounting and Audits --- Current Account Adjustment --- Short-term Capital Movements --- Aggregate Factor Income Distribution --- Personal Income, Wealth, and Their Distributions --- Data capture & analysis --- Public finance accounting --- Econometrics & economic statistics --- National accounts --- Data Quality Assessment Framework (DQAF) --- Fiscal accounting and reporting --- Balance of payments statistics --- Income --- Economic and financial statistics --- Public financial management (PFM) --- Personal income --- National income --- Economic statistics --- Finance, Public --- Balance of payments --- United States
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The paper outlines a general framework for statistical legislation. The implications of statistical legislation for the whole statistical system, as well as for centralized versus decentralized statistical systems, are addressed. The general framework is spelled out by identifying "essential" components of statistical legislation. The paper illustrates how these components can be applied to different country situations, and it draws attention to a number of additional topics for discussion and areas for future study in statistical legislation. It also brings together summary descriptions of the statistical legislation of a large number of countries that underlie the derivation of the essential components. It thus provides a reference for countries considering new or revised statistical legislation.
Banks and Banking --- Macroeconomics --- Public Finance --- Data Transmission Systems --- Databases --- Statistics --- Other Special Topics: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Taxation, Subsidies, and Revenue: General --- Methodology for Collecting, Estimating, and Organizing Macroeconomic Data --- Data Access --- Labor Economics: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Data capture & analysis --- Public finance & taxation --- Labour --- income economics --- Banking --- Data collection --- Legal support in revenue administration --- Data dissemination --- Labor --- Economic and financial statistics --- Revenue administration --- Data Quality Assessment Framework (DQAF) --- Economic statistics --- Revenue --- Data transmission systems --- Labor economics --- Banks and banking --- Canada --- Income economics
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This Data Module of the Report on the Observance of Standards and Codes (ROSC) provides an assessment of Azerbaijan’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), July 2003. The assessment reveals that Azerbaijan’s Consumer Price Index (CPI) meets Special Data Dissemination Standard (SDDS) specifications for coverage, periodicity, and timeliness. The CPI has good data sources for both weights and prices, based on well-designed household and retail establishment surveys.
Azerbaijan -- Economic policy. --- Azerbaijan -- Foreign economic relations. --- International Monetary Fund -- Azerbaijan. --- International Monetary Fund. --- Infrastructure --- Macroeconomics --- Public Finance --- Statistics --- Data Transmission Systems --- Price Level --- Inflation --- Deflation --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- General Aggregative Models: General --- Data Collection and Data Estimation Methodology --- Computer Programs: General --- Labor Economics: General --- Data capture & analysis --- Labour --- income economics --- Public finance & taxation --- Consumer price indexes --- National accounts --- Data Quality Assessment Framework (DQAF) --- Labor --- Prices --- Economic and financial statistics --- Price indexes --- Saving and investment --- National income --- Economic statistics --- Labor economics --- Azerbaijan, Republic of --- Income economics
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