A “Big Data” View of the U.S. Economy: Introducing the Brave-Butters-Kelley Indexes

Abstract: We describe a new set of indexes?the Brave-Butters-Kelley Indexes (BBKI)?constructed from a large panel of monthly macroeconomic time series and quarterly real gross domestic product (GDP) growth. Through August, these indexes suggest that real GDP growth was somewhat below its long-run trend to start the third quarter and that its business cycle component had declined noticeably in recent months despite some indications of improvement in its leading indicators.

Keywords: gross domestic product (GDP); Economic growth;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2019

Order Number: 422