1 / 13

The Challenge of Supplying Comparable International Statistics to Professional Users

This article explores the challenges of supplying comparable international statistics to professional users and highlights the importance of standardization, timeliness, and transparency in data. It also discusses the need for historical data and the frustrations users face when data is not easily accessible.

ktracey
Download Presentation

The Challenge of Supplying Comparable International Statistics to Professional Users

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Challenge of Supplying Comparable International Statistics to Professional Users Maurine A Haver Haver Analytics Hong Kong 30 August 2013

  2. Haver Analytics High Quality & Timely Data for Global Strategy & Research • Financial Institutions & Money Managers • Central Banks & Other Government Entities • Corporates • Consulting & Nonprofit Research

  3. What do users need? • Comparability • Timeliness • History • Transparency

  4. Data Comparability Data Users… • Often do not investigate differences • Ignore differences even when informed • Risk flawed analyses that can lead to bad decisions

  5. Data Comparability • International Standardization • National Accounts (SNA 2008) • Balance of Payments (BPM6) • Monetary & Financial • Central Bank Surveys on lending • Private Surveys (PMI)

  6. Not necessary to give up tables presented in familiar formats • US National Accounts now presented in an “ international style” as well • Bank of Italy presents balance sheets according to their original format and the format adopted by the Eurosystem

  7. Standardization can create problems • History has been lost with the moves to SNA 2008 and BPM6 • Standard needs to be fully adopted • Transition period

  8. Big Problems/Frustrations • Industry classification systems • NACE, NAICS, etc. • Public sector financial statistics • Central, General, ? • Cash or Accrual • Debt statistics very country specific

  9. Other problematic areas • Where are the inventories? • Profits? • House Prices • Repeat-valuation approach rarely used • Treatment of housing in the CPI

  10. HICP Comparison v2 • Harmonized Index of Consumer Prices • % Change - Year to Year NSA, 2005=100 • Year over Year % Change • - • HICP Comparison v2.EMF (EUDATA) P025H / USH 10208-11307 US Euro Area

  11. US CPI vs US HICP • US CPI VS HICP • - • Year over Year % Change • - • US CPI vs US HICP.EMF (CPIDATA) UIN / USH 10208-11307 HICP CPI-U

  12. Final Thoughts • Standardization of our statistics can help us understand the true country differences • Transparency is important for users who need to make adjustments to the data • History is necessary for most models. The best organization to estimate that history when a methodological change causes a break is the one that produces the data in the first place.

  13. Thank you! Users greatly appreciate those data suppliers who provide easily accessible and free data via their web sites.

More Related