Data Revisions and the Output Gap

Borradores de Economia
Número: 
642
Publicado: 
Clasificación JEL: 
C22, C53, C82
Palabras clave: 
Data Revisions, Now-casting, Real Time Economic Analysis

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Andrés Nicolás Herrera-Rojas, David Camilo López-Valenzuela, Juan José Ospina-Tejeiro, Jesús Antonio Bejarano-Rojas
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Preliminary and delayed Colombian GDP reports are replaced with optimal in-sample now-casts of "true" GDP figures derived from a model for data revisions. The new GDP time series is augmented with optimal out-of-sample forecasts and back-casts of the "tru