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Revisions to GDP and related estimates

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Abstract

A major goal of the Bureau of Economic Analysis is to provide a timely, comprehensive, and reliable picture of the U.S. economy. The Bureau’s estimates of gross domestic product (GDP) and gross domestic income (GDI) are its featured summary measures of economic activity. The reliability of these estimates, which is taken to mean the ability of successive vintages of estimates to provide a consistent picture of the economy, is an important issue for economic policy making and business decisions. In this paper we report some of the results of our earlier work that studied the revisions to these estimates.

Suggested Citation

  • Fixler, Dennis & Grimm, Bruce, 2004. "Revisions to GDP and related estimates," Journal of Financial Transformation, Capco Institute, vol. 11, pages 15-21.
    • Handle: RePEc:ris:jofitr:1356
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    Keywords

    Economic analysis; economic activity measures;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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