Measuring economic growth is complicated by seasonality, the regular fluctuation in economic activity that depends on the season of the year. The Bureau of Economic Analysis uses statistical techniques to remove seasonality from its estimates of GDP, and, in 2015, it took steps to improve the seasonal adjustment of data back to 2012. I show that residual seasonality in GDP growth remains even after these adjustments, has been a longer-term phenomenon, and is particularly noticeable in the 1990s. The size of this residual seasonality is economically meaningful and has the ability to change the interpretation of recent economic activity. Read More
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The InterAgency Collaboration Roundtable is an event for regulatory agencies to network and identify similar work that results in creating more efficient approaches within financial supervision.
On June 22 and 23, the Cleveland Fed holds its biennial Policy Summit on Housing, Human Capital, and Inequality. The forum highlights the latest research and field initiatives on topics related to equitable development.