Attention Economy


Friday, December 29, 2023

Concerns Surrounding the Quality of Economic Data

Data Quality Is Getting Worse When We Might Need the Numbers Most
https://www.wsj.com/us-news/data-quality-is-getting-worse-when-we-might-need-the-numbers-most-749bd63d
Falling response rates contribute to fuzzier survey results

Economists May Have Been Flying Blind All Along
https://www.bloomberg.com/opinion/articles/2023-11-24/economists-may-have-been-flying-blind-all-along
Declining response rates to official surveys raise the possibility that government and central bank officials have been making decisions based on flawed data. 

Data Quality Is Still a Problem: Seasonal Distortions and Falling Response Rates

The problem with economic surveys: People aren’t filling them out
https://www.theglobeandmail.com/business/article-economic-surveys-statscan/


How Seasonality Affects Our View of Inflation, Jobs, as Explained with Hot Dogs
https://www.wsj.com/articles/how-seasonality-affects-our-view-of-inflation-and-jobs-as-explained-with-hot-dogs-8548ef68 

Survey Fatigue Threatens to Undermine US Economic Data
https://www.bloomberg.com/news/articles/2023-02-15/us-economic-data-threatened-by-survey-non-responses
Declining response rates on surveys conducted by US government agencies could have significant implications for financial markets.