This paper constructs internationally consistent measures of macroeconomic uncertainty. Our econometric framework … extracts uncertainty from revisions in data obtained from standardized national accounts. Applying our model to quarterly post …-WWII real-time data, we estimate macroeconomic uncertainty for 39 countries. The cross-country dimension of our uncertainty data …

revised. Implicitly, the possibility of data revisions creates an element of uncertainty around the very same data driving … policy decisions. Given that such uncertainty could be mitigated if data revisions were predictable, this paper sets out to …, contemporaneous and (forecasted) future Maltese output data could be interpreted in real time. The uncertainty surrounding these …