01931cas a2200277 a 4500 AALejournalIMF018034 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484325933 1018-5941 BD-DhAAL BD-DhAAL Misch, Florian. Nowcashing : Using Daily Fiscal Data for Real-Time Macroeconomic Analysis / Florian Misch, Brian Olden, Marcos Poplawski Ribeiro, Lamya Kejji. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Traditionally, fiscal data for policy analysis are derived from official reports that, depending on the country, are published either monthly, quarterly or annually, often with significant time lags. However, innovations in digitalization of government payments and accounting systems mean that real-time daily fiscal data exist in many countries. In this paper, we argue that these data contain valuable, but underutilized and underexploited information. Possible uses include (i) realtime fiscal surveillance which allows for much more timely responses to emerging signs of fiscal stress, and (ii) nowcasting economic activity, which is especially useful in countries where higher frequency GDP statistics are unavailable. Mode of access: Internet Kejji, Lamya. Olden, Brian. Poplawski Ribeiro, Marcos. IMF Working Papers; Working Paper ; No. 2017/227 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/227/001.2017.issue-227-en.xml IMF e-Library