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• W1179427332 abstract "Most macroeconomic data is continuously revised as additional information becomes available. We suggest that revisions of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative channel of uncertainty - data uncertainty. This paper adds on the uncertainty literature and focuses on data uncertainty, which originates in the revision structure of data. We find that apart from the general and economic policy uncertainty, the data uncertainty has been rising throughout the past decade in the US and Euro area. To the best of our knowledge, this is the first study of Euro area data uncertainty. Our analysis shows that there is a positive lagged effect of economic policy uncertainty on data uncertainty for both regions. Our finding corresponds to the recent literature on increased macroeconomic and economic policy uncertainty during and after the Great Recession”." @default.
• W1179427332 created "2016-06-24" @default.
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• W1179427332 date "2015-07-01" @default.
• W1179427332 modified "2023-09-27" @default.
• W1179427332 title "Real-time Macroeconomic Data and Uncertainty" @default.
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• W1179427332 hasPublicationYear "2015" @default.
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