NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Lois Stekler

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Working Papers and Chapters

January 1991The Adequacy of U.S. Direct Investment Data
with Guy V. G. Stevens
in International Economic Transactions: Issues in Measurement and Empirical Research, Peter Hooper and J. David Richardson, editors
January 1990Adequacy of International Transactions and Position Data for Policy Coordination
in International Policy Coordination and Exchange Rate Fluctuations, William H. Branson, Jacob A. Frenkel, and Morris Goldstein, editors
February 1989Adequacy of International Transactions and Position Data for Policy Coordination
w2844
This paper examines the adequacy of data on current accounts and international indebtedness as measures of the need for policy adjustments and coordination. Doubts about the adequacy of these data have been raised by the growth of the global current account discrepancy and the statistical discrepancy in the U.S. international transactions accounts. The paper includes a brief review of the conclusions of the IMF working party on the world current account discrepancy and a detailed examination of the data on U.S. international transactions and net investment position. Both investigations support the conclusion that large shifts in reported data on current accounts end investment positions are likely to reflect real changes. However, even if data were completely accurate, a given current acco...

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

 
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