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Definition: Base effect
Category: OECD - Data and Metadata Reporting
A base effect occurs when the evolution of a variable’s annual rate from month t to month t+1 varies because of the evolution of the variable’s level 12 months before and not because of the variation of the variable’s level between month t and month t+1. http://ec.europa.eu/eurostat/ramon/coded_files/OECD_data_metadata_report_handbook_EN.pdf
Source:
Banque centrale du Luxembourg, Glossary, Banque centrale du Luxembourg, Luxembourg, 2004 [quoted in Organisation for Economic Co-operation and Development (OECD), "Data and Metadata Reporting and Presentation Handbook", OECD, Paris, 2007]
Banque centrale du Luxembourg, Glossary, Banque centrale du Luxembourg, Luxembourg, 2004 [quoted in Organisation for Economic Co-operation and Development (OECD), "Data and Metadata Reporting and Presentation Handbook", OECD, Paris, 2007]
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