Another Look at Residual Seasonality in GDP

Posted: 9 Jul 2021

See all articles by Paul Lengermann

Paul Lengermann

Board of Governors of the Federal Reserve System

Norman J. Morin

Board of Governors of the Federal Reserve System

Andrew D. Paciorek

affiliation not provided to SSRN

Eugenio Pinto

Board of Governors of the Federal Reserve System

Claudia Sahm

Independent

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Date Written: July, 2017

Abstract

According to the Bureau of Economic Analysis, real GDP rose at an annual rate of 1.2 percent in the first quarter of this year, a step down from the 2.3 percent pace in the second half of last year. However, we argue in this note that residual seasonality is unlikely to be the primary reason for the slowdown in first-quarter growth this year.

Suggested Citation

Lengermann, Paul and Morin, Norman J. and Paciorek, Andrew D. and Pinto, Eugenio and Sahm, Claudia, Another Look at Residual Seasonality in GDP (July, 2017). FEDS Notes No. 2017-07-28, Available at SSRN: https://ssrn.com/abstract=3877848 or http://dx.doi.org/10.17016/2380-7172.2031

Paul Lengermann (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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Norman J. Morin

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2476 (Phone)
202-736-1937 (Fax)

Andrew D. Paciorek

affiliation not provided to SSRN

No Address Available

Eugenio Pinto

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Claudia Sahm

Independent ( email )

231 N Edgewood St
VA 22201
United States
571-490-2223 (Phone)

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