Improving GDP measurement: a forecast combination perspective

S. Boragan Aruoba, Francis Diebold, Jeremy J. Nalewaik, Frank Schorfheide () and Dongho Song
Additional contact information
Frank Schorfheide: https://economics.sas.upenn.edu/people/frank-schorfheide

No 11-41, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Two often-divergent U.S. GDP estimates are available, a widely-used expenditure-side version GDPE, and a much less widely-used income-side version GDI . The authors propose and explore a \"forecast combination\" approach to combining them. They then put the theory to work, producing a superior combined estimate of GDP growth for the U.S., GDPC. The authors compare GDPC to GDPE and GDPI , with particular attention to behavior over the business cycle. They discuss several variations and extensions.

Keywords: Business cycles; Recessions; Expenditures, Public (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cba, nep-ecm, nep-for and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... ers/2011/wp11-41.pdf (application/pdf)

Related works:
Working Paper: Improving GDP Measurement: A Forecast Combination Perspective (2011)
Working Paper: Improving GDP Measurement: A Forecast Combination Perspective (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpwp:11-41

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().