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The Personal Saving Rate: Data Revisions And Forecasts, Dean Croushore, Pedro Del Monaco Santos
The Personal Saving Rate: Data Revisions And Forecasts, Dean Croushore, Pedro Del Monaco Santos
Economics Faculty Publications
Revisions to the U.S. personal saving rate are very large and may be predictable. We decompose the revisions of the personal saving rate into those caused by revisions to income and those caused by revisions to household outlays. We use our findings to explore the forecastability of future revisions of the personal saving rate.