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Federal Reserve Bank of St. Louis: 'Out-of-Sample Inference With Annual Benchmark Revisions'
September 21, 2025
ST. LOUIS, Missouri, Sept. 21 (TNSLrpt) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2025-020) on September 11, 2025, by Silvia Goncalves, Michael McCracken, and Yongxu Yao entitled "Out-of-Sample Inference with Annual Benchmark Revisions."

Here is the abstract:

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This paper examines the properties of out-of-sample predictability tests evaluated with real-time data subject to annual benchmark revisions. The pr . . .

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