It is a pleasure to discuss Richard Anderson and Charles Gascon’s (2009) article on their attempt to develop a state-space model to measure potential output growth in the face of data revisions. They use the methodology of Cunningham et al. (2007) applied to real output, to see if they can develop a better measure of potential output than other researchers. Such an approach seems promising, and they develop a unique method to study the data.
Copyright © 2009 Federal Reserve Bank of St. Louis. This article first appeared in Federal Reserve Bank of St. Louis Review 91, no. 4 (July/August 2009): 371-81.
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Croushore, Dean. "Commentary." Federal Reserve Bank of St. Louis Review 91, no. 4 (July/August 2009): 371-81.