Constructing Historical Euro-Zone Data

By A. Beyer, Jurgen A. Doornik, David F. Hendry. 2001

182 citations recorded by the source corpus.

Existing methods of reconstructing historical Euro-zone data by aggregation of the individual countries' aggregate data raises numerous difficulties, especially due to past exchange rate changes. The approach proposed here is designed to avoid such distortions, and aggregate exactly when exchange rates are fixed. We first compute growth rates within states, aggregate these, then cumulate this Euro-zone growth rate to obtain the aggregated levels variables. The aggregate of the implicit-deflator price index coincides with the implicit deflator of our aggregate nominal and real data. We apply the method to Eurozone M3, GDP and prices over the previous two decades.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/c0bd7680e429a3520ccbc9243677868caf7aa6df

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. A. Belke
2. Ralph Setzer
3. Paola Donati
4. Annick Bruggeman
5. Anders Warne
6. W. Orth
7. R. Horvath
8. I. Korhonen

In Management Science and Operations Research

1. Ralph Setzer
2. Paola Donati
3. Annick Bruggeman
4. Anders Warne
5. W. Orth
6. A. Belke

Citations in the corpus

• Liquidity and the Dynamic Pattern of Asset Price Adjustment: A Global View (2010, methodology): “the principles mentioned by Beyer, Doornik and Hendry (2000) and employing the method as”
• Is the Demand for Euro Area M3 Stable? (2003, methodology): “, Beyer et al. (2001), who suggest using the average national growth rates as weights, for yet another alternative aggregation method.”