Are Estimates for US GDP Growth Believable?
by Michael Mussa | August 25th, 2011 | 04:39 pmThe recent disappointing re-estimates for US GDP growth in the first half of this year, which were released in July, generated considerable discussion this summer, especially in political circles. No less striking, however, were some less well publicized revisions in the numbers for 2009 and 2010, which have raised doubts in my mind about the [...]