that between 1997 and 2007, in the U.S. National Accounts, on average, bank output is overestimated by 21 percent and GDP …

economic growth and the recent GDP rebasing exercise means that Ghana suddenly finds itself above the income limit for IDA …

This paper sheds light on two problems in the Penn World Table (PWT) GDP estimates. First, we show that these estimates … PWT methodology leads to GDP estimates that are not valued at purchasing power parity (PPP) prices. This is surprising … because the raison d’être of the PWT is to adjust national estimates of GDP by valuing output at common international (PPP …

predictive power for GDP data revisions. A positive (negative) error in Okun's Law in real time implies that GDP will be later … about the true state of real economic activity also helps to improve GDP forecasts in the near term. Our findings add a new … a change in potential GDP, the equilibrium unemployment rate, or the use of labor's intensive margin. …

. As a result, absolute gaps have expanded. Moreover, in the case of GDP, although its relative growth was lower only than …