Faust, Jon; Rogers, John H; Wright, Jonathan H - In: Journal of Money, Credit and Banking 37 (2005) 3, pp. 403-19
Revisions to GDP announcements are known to be quite large in all G-7 countries; quarterly growth rate revisions are regularly more than a full percentage point at an annualized rate. We examine the predictability of these revisions using standard statistical tests of whether the preliminary...