English, Article, Journal or magazine article edition: A State Space Approach To The Policymaker's Data Uncertainty Problem Alastair Cunningham; Chris Jeffery; George Kapetanios; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/34516
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A State Space Approach To The Policymaker's Data Uncertainty Problem
Author
  • Alastair Cunningham
  • Chris Jeffery
  • George Kapetanios
  • Vincent Labhard
Physical Description
  • preprint
Notes
  • The paper describes the challenges that uncertainty over the true value of key macroeconomic variables poses for policymakers and the way in which they may form and update their priors in light of a range of indicators. SpeciÂ…cally, it casts the data uncertainty challenge in state space form and illustrates - in this setting - how the policymakerÂ’s data uncertainty problem is related to any constraints that an optimising statistical agency might face in resolving its own data uncertainty challenge. The paper uses this intuition to motivate a set of identifying assumptions that might be used in the practical application of the Kalman Filter to form and update priors on the basis of a variety of indicators. In doing so, it moves beyond the simple methodology for deriving "best guesses" of the true value of economic variables outlined in Ashley, Driver, Hayes, and Je¤ery (2005)
  • RePEc:mmf:mmfc06:168
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment