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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
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.
Commentary, Dean D. Croushore
Commentary, Dean D. Croushore
Economics Faculty Publications
It is a pleasure to discuss Richard Anderson and Charles Gascon’s (2009) article on their attempt to develop a state-space model to measure potential output growth in the face of data revisions. They use the methodology of Cunningham et al. (2007) applied to real output, to see if they can develop a better measure of potential output than other researchers. Such an approach seems promising, and they develop a unique method to study the data.