Bericht

Revisions of National Accounts

I investigate revisions of growth rates in nominal and real quarterly GDP for mainland Norway, as well as for the GDP deflator, from 2004 to 2016. Several measures from alternative revision periods are computed. Mean revisions of real GDP are small and close to zero, while nominal GDP and the deflator are under-predicted on average when they are first published. For all three variables, mean absolute revisions are quite substantial. Revisions can, in general, be explained by the arrival of new information, although revisions of the deflator in particular are also characterized as reducing noise.

ISBN
978-82-7553-989-0
Language
Englisch

Bibliographic citation
Series: Staff Memo ; No. 6/2017

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Jore, Anne Sofie
Event
Veröffentlichung
(who)
Norges Bank
(where)
Oslo
(when)
2017

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Jore, Anne Sofie
  • Norges Bank

Time of origin

  • 2017

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