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Do National Account Statistics Underestimate US Real Output Growth?

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Abstract

In this note, we introduce a new estimate of GDO obtained from a Non-Stationary Dynamic Factor model estimated on a large dataset of US macroeconomic indicators.

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  • Matteo Barigozzi & Matteo Luciani, 2018. "Do National Account Statistics Underestimate US Real Output Growth?," FEDS Notes 2018-01-09-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2018-01-09-1
    DOI: 10.17016/2380-7172.2116
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/do-national-account-statistics-underestimate-us-real-output-growth-20180109.htm
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    Cited by:

    1. Zheng Liu & Mark M. Spiegel & Eric Tallman, 2018. "Is GDP Overstating Economic Activity?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    2. Kenneth E. Poole & Allison Forbes & Nichelle Williams, 2023. "Applied Regional Economic Research Can Improve Development Strategies and Drive Better Outcomes," Economic Development Quarterly, , vol. 37(1), pages 85-95, February.

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