The personal saving rate: Data revisions and forecasts

Dean Croushore and Pedro Del Monaco Santos

Economics Letters, 2022, vol. 219, issue C

Abstract: Revisions to the U.S. personal saving rate are very large and may be predictable. We decompose the revisions of the personal saving rate into those caused by revisions to income and those caused by revisions to household outlays. We use our findings to explore the forecastability of future revisions of the personal saving rate.

Keywords: Data revisions; Saving; Real-time data (search for similar items in EconPapers)
JEL-codes: E01 E21 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:219:y:2022:i:c:s0165176522002956

DOI: 10.1016/j.econlet.2022.110806

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