| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17196 |
| DP17196 GDP Solera: The Ideal Vintage Mix | |
| Martin Almuzara; Dante Amengual; Gabriele Fiorentini; ENRIQUE SENTANA | |
| 发表日期 | 2022-04-08 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We exploit the information in the successive vintages of GDE and GDI from the current comprehensive revision to obtain an improved timely measure of US aggregate output by exploiting cointegration between the different measures and taking seriously their monthly release calendar. We also combine all existing overlapping comprehensive revisions to achieve further improvements. We pay particular attention to the Great Recession and the pandemic, which, despite producing dramatic fluctuations, does not generate noticeable revisions in previous growth rates. The estimated parameters of our dynamic state-space model suggest that comprehensive revisions have not changed the long-run growth rate of US GDP. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Cointegration Comprehensive revisions Signal extraction Us aggregate output Vintages |
| URL | https://cepr.org/publications/dp17196 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546191 |
| 推荐引用方式 GB/T 7714 | Martin Almuzara,Dante Amengual,Gabriele Fiorentini,et al. DP17196 GDP Solera: The Ideal Vintage Mix. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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