Stress Testing Economic Data
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The recent economic crisis has highlighted significant weaknesses in our economic and financial indicators. This paper documents what the crisis has revealed regarding some of the more critical shortcomings of our existing statistical infrastructure, and proposes a way in which these shortcomings could be mitigated.
Keywordsstatistical agencies data collection financial crisis
The author thanks Ralph Monaco, John Worth, Aaron Klein, and especially Jeremy Rudd for helpful discussions and suggestions.
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