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Estimating the trend rate of economic growth using the CFNAI

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Listed:
  • Scott Brave
  • R. Andrew Butters

Abstract

This article shows how a new methodology for constructing the Chicago Fed National Activity Index (CFNAI) can be used to identify both the cyclical (medium-run) and trend (long-run) components of real gross domestic product (GDP) growth.

Suggested Citation

  • Scott Brave & R. Andrew Butters, 2013. "Estimating the trend rate of economic growth using the CFNAI," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue June.
    • Handle: RePEc:fip:fedhle:y:2013:i:june:n:311
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cfljune2013_311.pdf
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    Citations

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    Cited by:

    1. Kim, Myeong Hyeon & Kim, Baeho, 2014. "Systematic cyclicality of systemic bubbles: Evidence from the U.S. commercial banking system," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 281-297.
    2. Scott Brave & R. Andrew Butters, 2014. "Nowcasting Using the Chicago Fed National Activity Index," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 19-37.

    More about this item

    Keywords

    Gross domestic product;

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