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Improving GDP Measurement: A Measurement-Error Perspective

S. Boragan Aruoba (), Francis Diebold (), Jeremy Nalewaik, Frank Schorfheide () and Dongho Song ()

No 18954, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: E01 E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2013-04
Note: AP EFG
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Published as Aruoba, S. Borağan & Diebold, Francis X. & Nalewaik, Jeremy & Schorfheide, Frank & Song, Dongho, 2016. "Improving GDP measurement: A measurement-error perspective," Journal of Econometrics, Elsevier, vol. 191(2), pages 384-397.

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Related works:
Journal Article: Improving GDP measurement: A measurement-error perspective (2016) Downloads
Working Paper: Improving GDP measurement: a measurement-error perspective (2013) Downloads
Working Paper: Improving GDP Measurement: A Measurement-Error Perspective (2013) Downloads
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