A “Big Data” View of the U.S. Economy: Introducing the Brave-Butters-Kelley Indexes

Scott Brave, Ross Cole and David Kelley

Chicago Fed Letter, 2019, No 422

Abstract: We describe a new set of indexes?the Brave-Butters-Kelley Indexes (BBKI)?constructed from a large panel of monthly macroeconomic time series and quarterly real gross domestic product (GDP) growth. Through August, these indexes suggest that real GDP growth was somewhat below its long-run trend to start the third quarter and that its business cycle component had declined noticeably in recent months despite some indications of improvement in its leading indicators.

Keywords: gross domestic product (GDP); Economic growth (search for similar items in EconPapers)
Date: 2019
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DOI: 10.21033/cfl-2019-422

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