Business Economics

, Volume 45, Issue 2, pp 110–115 | Cite as

Stress Testing Economic Data

  • Alan B Krueger
Original Article
  • 5 Downloads

Abstract

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.

Keywords

statistical agencies data collection financial crisis 

Notes

Acknowledgements

The author thanks Ralph Monaco, John Worth, Aaron Klein, and especially Jeremy Rudd for helpful discussions and suggestions.

References

  1. Greenspan, Alan . 2001. “The Challenge of Measuring and Modeling a Dynamic Economy.” Business Economics, 36 (2): 5–9.Google Scholar
  2. NABE News, 2009. “Data Agencies’ Budgets Have Some Funding Restored,” No. 198.Google Scholar
  3. Stiglitz, J.E., Sen, A., and Fitoussi, J.-P. 2009. “Report by the Commission on the Measurement of Economic Performance and Social Progress.” http://www.stiglitz-sen-fitoussi.fr/documents/rapport_anglais.pdf.

Copyright information

© National Association for Business Economics 2010

Authors and Affiliations

  • Alan B Krueger

There are no affiliations available

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