Towards the implementation of a multivariate Benchmark method on Dutch National Accounts

05/02/2009 15:00

DMK participates in a project, with the aim of implementing a new, efficient method for the benchmarking of National Accounts. Benchmarking is the process to achieve mathematical consistency between low-frequency (e.g. annual) and high-frequency (e.g. quarterly) accounts.  In 2008 an extended Multivariate Denton method for benchmarking has been developed and implemented in proto-type software. Furthermore, an experiment was carried out on the Dutch supply and use tables. In this paper we briefly describe the method, the experiment and we review potential research topics for 2009. The aim of this paper is to ask the methodology advisory council’s advise and opinion on these topics.