Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Dallas
Globalization Institute Working Papers
Database of global economic indicators (DGEI): a methodological note
Valerie Grossman
Adrienne Mack
Enrique Martinez-Garcia
Abstract

The Database of Global Economic Indicators (DGEI) from the Federal Reserve Bank of Dallas is aimed at standardizing and disseminating world economic indicators for policy analysis and scholarly work on the role of globalization. The purpose of DGEI is to offer a broad perspective on how economic developments around the world influence the U.S. economy with a wide selection of indicators. DGEI is automated within an Excel-VBA and E-views framework for the processing and aggregation of multiple country time series. It includes a core sample of 40 countries with available indicators and broad coverage. Country groupings include rest of the world (ex. the U.S.) aggregates and subgroups of countries by development attainment and trade openness. The indicators currently tracked include real GDP, industrial production (IP), Purchasing Managers’ Index (PMI), merchandise exports and imports, headline CPI, CPI (ex. food and energy), PPI/WPI inflation, nominal and real exchange rates, and official/policy interest rates. All series are monthly, with the exception of real GDP which is reported at a quarterly frequency. Aggregation is based on trade shares with the U.S. The Globalization and Monetary Policy Institute publishes the aggregate indicators as well as additional country detail on its website with an accompanying slideshow on Global Economic Conditions. This note provides a technical description of the methodology implemented to construct the DGEI.


Download Full text
Cite this item
Valerie Grossman & Adrienne Mack & Enrique Martinez-Garcia, Database of global economic indicators (DGEI): a methodological note, Federal Reserve Bank of Dallas, Globalization Institute Working Papers 166, 31 Dec 2013, revised 01 Apr 2014.
More from this series
Note: Published as: Grossman, Valerie, Adrienne Mack and Enrique Martínez-García (2014), "A New Database of Global Economic Indicators," Journal of Economics and Social Measurement 39 (3): 163-197.
JEL Classification:
Subject headings:
For corrections, contact Amy Chapman ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal