Improving GDP Measurement: A Measurement-Error Perspective / S. Boraǧan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide, Dongho Song.

Format:

Book

Author/Creator:

Aruoba, S. Boraǧan.

Contributor:

National Bureau of Economic Research.

Diebold, Francis X.

Nalewaik, Jeremy.

Schorfheide, Frank.

Song, Dongho.

Series:

Working Paper Series (National Bureau of Economic Research) no. w18954.

NBER working paper series no. w18954

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Improving GDP Measurement

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2013.

Summary:

We provide a new and superior measure of U.S. GDP, obtained by applying optimal signal-extraction techniques to the (noisy) expenditure-side and income-side estimates. Its properties - particularly as regards serial correlation - differ markedly from those of the standard expenditure-side measure and lead to substantially-revised views regarding the properties of GDP.

Notes:

Print version record

April 2013.