gdp: Real Gross Domestic Product

In nelson16silva/wavdrcast: Wavelet-Based Direct Multistep Forecast

Description

Real gross domestic product is the inflation adjusted value of the goods and services produced by labor and property located in the United States.

Usage

gdp

Format

An object of class tibble. From 1949Qtr1 to 2019Qtr2.

lgdp

Log of real gross domestic product. lgdp represents the natural logarithm of the real gross domestic product, that is the inflation adjusted value of the goods and services produced by labor and property located in the United States.

gap

Output gap. Defined as log(real gross domestic product) - log(potential gross domestic product). Real potential GDP is the CBO’s estimate of the output the economy would produce with a high rate of use of its capital and labor resources. The data is adjusted to remove the effects of inflation.

Source

Series can be obtained in:
Federal Reserve Economic Data | FRED | St. Louis Fed

References

U.S. Bureau of Economic Analysis, Real Gross Domestic Product [GDPC1], retrieved from FRED, Federal Reserve Bank of St. Louis, September 11, 2019.

U.S. Congressional Budget Office, Real Potential Gross Domestic Product [GDPPOT], retrieved from FRED, Federal Reserve Bank of St. Louis, September 11, 2019.

nelson16silva/wavdrcast documentation built on April 25, 2021, 7:03 a.m.