Advanced Search
MyIDEAS: Login to save this article or follow this journal

Estimation of Current-Quarter Gross National Product by Pooling Preliminary Labor-Market Data

Contents:

Author Info

  • Braun, Steven N
Registered author(s):

    Abstract

    Two methods of using labor-market data as indicators of contemporaneous gross national product (GNP) are developed. The establishment survey data are used by inverting a partial-adjustment equation for hours. A second GNP forecast can be extracted from the household survey by using Okun's law. Using preliminary rather than final data adds about .2 to .4 percentage points to the expected value of the root mean squared errors and changes the weights that the pooling procedures assigns to the two forecasts. The use of preliminary rather than final data results in a procedure that assigns more importance to the Okun's-law forecast.

    Download Info

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Bibliographic Info

    Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

    Volume (Year): 8 (1990)
    Issue (Month): 3 (July)
    Pages: 293-304

    as in new window
    Handle: RePEc:bes:jnlbes:v:8:y:1990:i:3:p:293-304

    Contact details of provider:
    Web page: http://www.amstat.org/publications/jbes/index.cfm?fuseaction=main

    Order Information:
    Web: http://www.amstat.org/publications/index.html

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Svensson, Lars E.O. & Rudebusch , Glenn, 1998. "Policy Rules for Inflation Targeting," Seminar Papers 637, Stockholm University, Institute for International Economic Studies.
    2. Athanasios Orphanides, 2001. "Monetary Policy Rules Based on Real-Time Data," American Economic Review, American Economic Association, vol. 91(4), pages 964-985, September.
    3. Evan F. Koenig & Sheila Dolmas & Jeremy Piger, 2000. "The use and abuse of "real-time" data in economic forecasting," Working Papers 0004, Federal Reserve Bank of Dallas.
    4. Roberts John M., 2001. "Estimates of the Productivity Trend Using Time-Varying Parameter Techniques," The B.E. Journal of Macroeconomics, De Gruyter, vol. 1(1), pages 1-32, July.
    5. Vadim Khramov & John Ridings Lee, 2013. "The Economic Performance Index (EPI): an Intuitive Indicator for Assessing a Country's Economic Performance Dynamics in an Historical Perspective," IMF Working Papers 13/214, International Monetary Fund.
    6. Cysne, Rubens Penha, 2005. "An Overview of Some Historical Brazilian Macroeconomic Series and Some Open Questions," Economics Working Papers (Ensaios Economicos da EPGE) 592, FGV/EPGE Escola Brasileira de Economia e Finan├žas, Getulio Vargas Foundation (Brazil).
    7. Murphy, Kevin J. & Payne, James E., 2003. "Explaining change in the natural rate of unemployment: A regional approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(2), pages 345-368.
    8. Tom Stark, 2000. "Does current-quarter information improve quarterly forecasts for the U.S. economy?," Working Papers 00-2, Federal Reserve Bank of Philadelphia.
    9. Mark W. French, 1997. "Cleaning up the errors in the monthly "Employment situation" report: a multivariate state-space approach," Finance and Economics Discussion Series 1998-05, Board of Governors of the Federal Reserve System (U.S.).

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bes:jnlbes:v:8:y:1990:i:3:p:293-304. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.