Published in:FRB of Philadelphia Working Paper ; No. 13-16
Extent:
1 Online-Ressource (36 p)
Language:
English
DOI:
10.2139/ssrn.2262895
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2, 2013 erstellt
Description:
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