Working Paper
Are Revisions to State-Level GDP Data in the US Well Behaved?
Abstract: No, first estimates of state GDP growth are not rational forecasts, except for Georgia. Revisions to first estimates of state-level GDP growth tend to be biased, large, and/or predictable using information known at the time of the first estimate.
https://doi.org/10.26509/frbc-wp-202511
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers
Publication Date: 2025-04-22
Number: 25-11