With Scott Brave.
Published in Chicago Fed Letter No. 311, June 2013. https://www.chicagofed.org/publications/chicago-fed-letter/2013/june-311Â
Abstract: This article shows how a new methodology for constructing the Chicago Fed National Activity Index (CFNAI) can be used to identify both the cyclical (medium-run) and trend (long-run) components of real gross domestic product (GDP) growth.
The published article is available as a pdf. (4 pages, 207 KB)
A supplemental technical report is available as a pdf. (4 pages, 181 KB)