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Long Time Series Issues in EU National Accounts: Recalculation of Russian GDP Series

This document discusses the challenges and implications of recalculating the Russian GDP series in connection with the transition to new classifications, highlighting the trade-offs, data availability, and methodological changes. It also emphasizes the need for comprehensive, transparent, and comparable information.

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Long Time Series Issues in EU National Accounts: Recalculation of Russian GDP Series

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  1. Long time series issues in the EU National AccountsRecalculation of the Russian GDP series in connection with the transition to new classifications Group of Experts on National Accounts Item 4: Long time Series when major changes occur Philippe Stauffer Swiss Federal Statistical Office

  2. Key words in both papers: User needs Econometric models Forecasting Structural analysis Business cycle analysis • Trade-offs Versus Constraints Data availability Methodological changes Fundamental political changes

  3. Key words in both papers: • Trade-offs • Quality Information should be Exhaustive Detailed Pertinent Methods should be Simple Transparent Comparable

  4. Key words in both papers: • Trade-offs • Quality • Coherence

  5. Key words in both papers …. and implications • Trade-offs • Quality • Coherence Unavoidable Central concern Often difficult to implement

  6. Characteristics of documents

  7. Questions to Eurostat document • Main retropolation option used in member states ? • Quality controls: who does what ?

  8. Questions to Rosstat document • Why is the impact on GDP not significant ? • Quality controls: who does what ? • Choice of 2003 as price benchmark ? • Question of use of retropolations in a period in fundamental transformations: what are users’ needs?

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