1 / 7

Measurement error and balancing in the SNA Capital and Financial Account

Measurement error and balancing in the SNA Capital and Financial Account. OECD Working Party on Financial Statistics/ Working Party on National Accounts October 2008 Patrick O’Hagan , Statistics Canada. Background. ● Measurement error in the SNA

morrisfrances
Download Presentation

Measurement error and balancing in the SNA Capital and Financial Account

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. Measurement error and balancing in the SNA Capital and Financial Account OECD Working Party on Financial Statistics/ Working Party on National Accounts October 2008 Patrick O’Hagan, Statistics Canada

  2. Background ● Measurement error in the SNA ● Measurement error in the Financial Account - Instrument discrepancies - OECD financial databases ● Measurement error in the Capital and Financial Account - Sector discrepancies - Capital Account discrepancies

  3. Capital and Financial Account/ Flow of Funds Account

  4. Measurement error information in the Capital and Financial Account ● Instrument measurement error ● Sector measurement error ● Interdependence of types of measurement errors ● Link to the Balance Sheet Account Balancing methodology in Canada General comments - Summary process

  5. Balancing methodology in Canada DATA SOURCES AND ISSUES FOR CFA ● Saving-investment estimates ● Government sector ● Non-resident sector ● Corporate sector Non-financial corporations Financial corporations ● Household sector

  6. Balancing methodology in Canada PROCEDURES ● 3 blocks of inter-related data used in the analysis — funds raised, matrix of sectors, matrix of categories ● CFA matrix closed in sequence, leveraging the higher quality data ● Remaining items can be difficult to close off in some quarters ● Seasonally-adjusted data

  7. Closing remarks ● Quarterly production of Capital and Financial Account a complex undertaking - Matrix dimensions; uneven data quality; need for integration with SNA; evolution of economic and financial activity ● Canada leverages the integrated SNA in the process; and links to quarterly BSA ● Securities databases and counterpart data will continue to be essential ● Finding staff with the required background to work in this domain continues to be a challenge

More Related