Using the Google Places API and Google Trends Data to Develop High Frequency Indicators of Economic Activity /

As the pandemic heigthened policymakers' demand for more frequent and timely indicators to assess economic activities, traditional data collection and compilation methods to produce official indicators are falling short-triggering stronger interest in real time data to provide early signals of...

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Chi tiết về thư mục
Tác giả chính: Austin, Paul
Tác giả khác: Marini, Marco, Sanchez, Alberto, Simpson-Bell, Chima
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2021.
Loạt:IMF Working Papers; Working Paper ; No. 2021/295
Những chủ đề:
Truy cập trực tuyến:Full text available on IMF
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100 1 |a Austin, Paul. 
245 1 0 |a Using the Google Places API and Google Trends Data to Develop High Frequency Indicators of Economic Activity /  |c Paul Austin, Marco Marini, Alberto Sanchez, Chima Simpson-Bell. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (47 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a As the pandemic heigthened policymakers' demand for more frequent and timely indicators to assess economic activities, traditional data collection and compilation methods to produce official indicators are falling short-triggering stronger interest in real time data to provide early signals of turning points in economic activity. In this paper, we examine how data extracted from the Google Places API and Google Trends can be used to develop high frequency indicators aligned to the statistical concepts, classifications, and definitions used in producing official measures. The approach is illustrated by use of Google data-derived indicators that predict well the GDP trajectories of selected countries during the early stage of COVID-19. To this end, we developed a methodological toolkit for national compilers interested in using Google data to enhance the timeliness and frequency of economic indicators. 
538 |a Mode of access: Internet 
650 7 |a Environmental Accounts  |2 imf 
650 7 |a Google Trends Data  |2 imf 
650 7 |a Measurement and Data on National  |2 imf 
650 7 |a Methodology for Collecting, Estimating, and Organizing Microeconomic Data  |2 imf 
650 7 |a Reopening, COVID-19, High-Frequency Data and Business Register  |2 imf 
700 1 |a Marini, Marco. 
700 1 |a Sanchez, Alberto. 
700 1 |a Simpson-Bell, Chima. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/295 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/295/001.2021.issue-295-en.xml  |z IMF e-Library