3 of Caryn Kuebler and Christopher Mackie, rapporteurs (forthcoming), Improving Business Statistics Through Interagency Data Sharing: Summary of a Workshop (Washington: National Academies Press). BIS Review 45/2006  3  An innovative economy needs to have innovative statistics. This means that the statistical agencies need to be on the cutting edge in measuring the most dynamic parts of the economy.
It is fair to say that the balance of payments constraint that we grappled with at the TEC was only the tip of a large iceberg. Here are some of the indicators of an economic crisis that we went through. The pre-1994 period is contrasted below with what has happened in ten years.