References
- Almuzara, M., Amengual, D., and Sentana, E. (2019), “Normality Tests for Latent Variables,” Quantitative Economics, 10, 981–1017. DOI: 10.3982/QE859.
- Almuzara, M., Fiorentini, G., and Sentana, E. (2023), “Aggregate Output Measurements: A Common Trend Approach,” in Essays in Honor of Joon Y. Park: Econometric Methodology in Empirical Applications, Advances in Econometrics (Vol. 45B), eds. Y. Chang, S. Lee, and J. Miller, pp. 3–33, Bingley: Emerald.
- Aruoba, S. B. (2008), “Data Revisions Are Not Well Behaved,” Journal of Money, Credit and Banking, 40, 319–340. DOI: 10.1111/j.1538-4616.2008.00115.x.
- Aruoba, S. B., Diebold, F. X., Nalewaik, J., Schorfheide, F., and Song, D. (2016), “Improving GDP Measurement: A Measurement-Error Perspective,” Journal of Econometrics, 191, 384–397. DOI: 10.1016/j.jeconom.2015.12.009.
- Campbell, J., and Mankiw, G. (1987), “Are Output Fluctuations Transitory?” Quarterly Journal of Economics, 102, 857–880. DOI: 10.2307/1884285.
- Durbin, J., and Koopman, S. J. (2002), “A Simple and Efficient Simulation Smoother for State Space Time Series Analysis,” Biometrika, 89, 603–615. DOI: 10.1093/biomet/89.3.603.
- Greenaway-McGrevy, R. (2011), “Is GDP or GDI a Better Measure of Output? A Statistical Approach,” working paper 2011–08, Bureau of Economic Analysis.
- Grimm, B. T. (2007), “The Statistical Discrepancy,” working paper 2007-01, Bureau of Economic Analysis.
- Jacobs, J. P. A. M., Sarferaz, S., Sturm, J., and van Norden, S. (2022), “Can GDP Measurement be Further Improved? Data Revision and Reconciliation,” Journal of Business and Economic Statistics, 40, 423–431. DOI: 10.1080/07350015.2020.1831928.
- Jacobs, J. P. A. M., and van Norden, S. (2011), “Modeling Data Revisions: Measurement Error and Dynamics of “True” Values,” Journal of Econometrics, 161, 101–109. DOI: 10.1016/j.jeconom.2010.04.010.
- Kerry, P., McCulla, S. H., and Wasshausen, D. B. (2018), “Improved Estimates of the National Income and Product Accounts: Results of the 2018 Comprehensive Update,” Survey of Current Business, 98.
- Landefeld, J. S., Seskin, E. P., and Fraumeni, B. M. (2008), “Taking the Pulse of the Economy: Measuring GDP,” Journal of Economic Perspectives, 22, 193–216. DOI: 10.1257/jep.22.2.193.
- Lewis, D. J., Mertens, K., Stock, J. H., and Trivedi, M. (Forthcoming), “Measuring Real Activity Using a Weekly Economic Index,” Journal of Applied Econometrics.
- Nalewaik, J. (2010), “The Income- and Expenditure-Side Measures of Output Growth,” Brookings Papers on Economic Activity, 1, 71–106.
- Nalewaik, J. (2011), “The Income- and Expenditure-Side Measures of Output Growth – An Update through 2011Q2,” Brookings Papers on Economic Activity, 2, 385–402.
- Orphanides, A. (2001), “Monetary Policy Rules based on Real-Time Data,” American Economic Review, 94, 964–984. DOI: 10.1257/aer.91.4.964.
- Patterson, K. D., and Heravi, S. M. (1991a), “Are Different Vintages of Data on the Components of GDP Co-integrated?: Some Evidence for the United Kingdom,” Economics Letters, 35, 409–413. DOI: 10.1016/0165-1765(91)90011-9.
- Patterson, K. D., and Heravi, S. M. (1991b), “Data Revisions and the Expenditure Components of GDP,” The Economic Journal, 101, 887–901.
- Patterson, K. D., and Heravi, S. M. (2004), “Revisions to Official Data on U.S. GNP: A Multivariate Assessment of Different Vintages,” Journal of Official Statistics, 20, 573–602.
- Smith, R. J., Weale, M. R., and Satchell, S. E. (1998), “Measurement Error with Accounting Constraints: Point and Interval Estimation for Latent Data with an Application to U.K. Gross Domestic Product,” Review of Economic Studies, 65, 109–134. DOI: 10.1111/1467-937X.00037.
- Stock, J. H. (1994), “Unit Roots, Structural Breaks and Trends,” in Handbook of Econometrics (Vol. 4), eds. D. McFadden and R. Engle, pp. 2739–2841, Amsterdam: Elsevier.
- Stone, R., Champernowne, D. G., and Meade, J. E. (1942), “The Precision of National Income Estimates,” Review of Economic Studies, 9, 111–125. DOI: 10.2307/2967664.
- Weale, M. (1992), “Estimation of Data Measured with Error and Subject to Linear Restrictions,” Journal of Applied Econometrics, 7, 167–174. DOI: 10.1002/jae.3950070205.