Data Revisions and the Output Gap

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

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