FRED-QD: A Quarterly Database for Macroeconomic Research

In this paper we present and describe a large quarterly frequency, macroeconomic database. The data provided are closely modeled to that used in Stock Watson (2012a). As our previous work on FRED-MD, goal is simply provide publicly available source of “big data” updated real time using the FRED We show factors extracted from set exhibit similar behavior those original set. dominant shown be insensitive outliers, but outliers do affect relative influence series as indicated by leverage scores. then investigate role unit root tests play choice transformation codes with an emphasis identifying instances which root-based differ already literature. Finally, useful for forecasting range can contribute substantially accuracy these forecasts.