Survey_GSW_2005

Abstract

The real-time data sets used in these studies are restricted to real output (GNP/GDP) and industrial production, respectively. To go one step further, we have compiled additional real-time data sets for potential output, consumer prices and money growth. With the exception of potential output, all data are taken from the Bundesbank’s monthly reports and from the statistical supplements called “Seasonally Adjusted Business Statistics,” which the Bundesbank publishes regularly together with the monthly reports. For potential output, we have used Bundesbank sources (official publications and internal briefing documents) to reconstruct the Bundesbank’s own real-time estimates of potential output.5 The exact source of each vintage is given in the data files on potential output, which are part of the real-time data set available from the web site of the Economic Research Centre of the Bundesbank.