How Has Ohio Fared in the Current Business Cycle?
Venkatu, Guhan (2024-03-26)
This brief explores how Ohio’s economy has fared in the current business cycle and how it has compared to those of other states by using quarterly GDP data. It also examines the impact of Ohio’s industry differences on its GDP growth.
Cleveland Fed District Data Brief

Working Paper
GDP Trend-cycle Decompositions Using State-level Data
Gonzalez-Astudillo, Manuel P. (2017-05)
This paper develops a method for decomposing GDP into trend and cycle exploiting the cross-sectional variation of state-level real GDP and unemployment rate data. The model assumes that there are common output and unemployment rate trend and cycle components, and that each state?s output and unemployment rate are subject to idiosyncratic trend and cycle perturbations. The model is estimated with Bayesian methods using quarterly data from 2005:Q1 to 2016:Q1 for the 50 states and the District of Columbia. Results show that the U.S. output gap reached about -8% during the Great Recession and is ...
Finance and Economics Discussion Series , Paper 2017-051