Categories: Economy

The Availability of Quarterly GDP Data for the US: Memo to EJ Antoni




Referring to Dr. Antoni’s definition of recessions using quarterly data, here are the GDP data series for the US I am aware of.

Figure 1: Real GDP according to BEA (blue), Ramey series (tan), BEA annual (light blue), Measuring Worth annual (pink), all in logs 1990Q1=0. NBER defined peak to trough recession dates shaded gray. Source: BEA, Valerie Ramey, Measuring Worth, NBER< and author’s calculations.

As can clearly be seen, quarterly GDP data to make the assertion that the two-quarter equals recession rule only goes back 75 year’s prior to Dr. Antoni’s claim.

(To be fair, Dr. Antoni is being nominated to head BLS, not BEA.)




Source link

Washington Digital News

Share
Published by
Washington Digital News

Recent Posts

Everything You Need To Know About Googlebooks

Just as on Chromebooks, Googlebooks give you two main options for apps: web-based tools or…

13 minutes ago

Is your crypto safe? What Binance’s $6.3 billion hack means for bitcoin investors.

A look at how safe your money really is when even the world’s largest cryptocurrency…

15 minutes ago

Friday AI Fallout

Nasdaq, SP500, Bloomberg Magnificent 7 index, over the last week. Bloomberg on the turmoil. Source…

29 minutes ago

Coinbase (COIN) Misses Revenue Estimates As Users Fall, Armstrong Sets Up New Share Sales

Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233…

42 minutes ago

Consumer sentiment is lower than at the 9.1% inflation peak — top 10% do half of consumer spending

Polling is looking grim for Republicans ahead of the U.S. midterm elections on Nov. 3,…

45 minutes ago

U.S. scraps G20’s opening photo after Europeans balk at posing with Russia’s Lavrov

The U.S. scrapped plans for a photo of top diplomats of the Group of 20…

53 minutes ago