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Vol. 91, No. 4
Posted 2009-07-01

Estimating U.S. Output Growth with Vintage Data in a State-Space Framework


This study uses a state-space model to estimate the “true” unobserved measure of total output in the U.S. economy. The analysis uses the entire history (i.e., all vintages) of selected real-time data series to compute revisions and corresponding statistics for those series.



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