Discussion Paper

Another Look at Residual Seasonality in GDP


Abstract: According to the Bureau of Economic Analysis, real GDP rose at an annual rate of 1.2 percent in the first quarter of this year, a step down from the 2.3 percent pace in the second half of last year. However, we argue in this note that residual seasonality is unlikely to be the primary reason for the slowdown in first-quarter growth this year.

https://doi.org/10.17016/2380-7172.2031

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2017-07-28

Number: 2017-07-28