Real-Time Data Research Center

Introduction

The Real-Time Data Research Center produces macroeconometric analyses and collects and maintains a variety of data sets of value to macroeconomists and monetary policymakers, including the real-time data set for macroeconomists, the Livingston Survey, the Survey of Professional Forecasters, and the Greenbook data sets.

Research areas of interest to the center include:

Implications of data revisions for monetary policy
How expectations affect monetary policy
The impact of monetary policy on economic forecasts
Optimal policymaking under uncertainty
Accuracy of macroeconomic forecasts
Separating the signal from the noise in data
Development of forecasting models, DSGE models, and VAR models
Modeling and forecasting data revisions
Constructing forecasts with data that are subject to revision

Audio Interview

Listen to a discussion about the Real-Time Data Research Center.

Mission

The Real-Time Data Research Center seeks to become the global source of economic research involving real-time data, macroeconomic forecast surveys, and macroeconomic modeling, and the valuable insights to be drawn from that research for monetary policymaking. The center carries out its mission by producing and maintaining the real-time data set for macroeconomists, the Survey of Professional Forecasters, and the Livingston Survey, by providing macroeconometric analyses, and by encouraging collaboration among academic scholars and central bank researchers via a visiting scholar program, workshops, and conferences.

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