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Improving GDP measurement: a forecast combination perspective
Aruoba, S. Boragan; Diebold, Francis X.; Nalewaik, Jeremy; … - Federal Reserve Bank of Philadelphia - 2011
Two often-divergent U.S. GDP estimates are available, a widely-used expenditure-side version GDPE, and a much less widely-used income-side version GDI . The authors propose and explore a "forecast combination" approach to combining them. They then put the theory to work, producing a superior...
Persistent link: https://www.econbiz.de/10009320691
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The welfare effects of distortionary taxation and government spending: some new results
Ahmed, Shaghil; Croushore, Dean D. - Federal Reserve Bank of Philadelphia - 1990
Persistent link: https://www.econbiz.de/10005717382
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The marginal cost of funds with nonseparable public spending
Ahmed, Shaghil; Croushore, Dean - Federal Reserve Bank of Philadelphia - 1992
Persistent link: https://www.econbiz.de/10005717423
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Improving GDP measurement: a measurement-error perspective
Aruoba, S. Boragan; Diebold, Francis X.; Nalewaik, Jeremy; … - Federal Reserve Bank of Philadelphia - 2013
We provide a new and superior measure of U.S. GDP, obtained by applying optimal signal-extraction techniques to the (noisy) expenditure-side and income-side estimates. Its properties -- particularly as regards serial correlation -- differ markedly from those of the standard expenditure-side...
Persistent link: https://www.econbiz.de/10010652361
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The dynamics of public investment under persistent electoral advantage
Azzimonti, Marina - Federal Reserve Bank of Philadelphia - 2011
environment. The author characterizes the long-run distribution of capital and shows that output increases on average with …
Persistent link: https://www.econbiz.de/10009146816
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The importance of the tax system in determining the marginal cost of funds
Croushore, Dean; Ahmed, Shaghil - Federal Reserve Bank of Philadelphia - 1992
Persistent link: https://www.econbiz.de/10005389661
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Intertemporal analysis of state and local government spending: theory and tests
Holtz-Eakin, Douglas; Rosen, Harvey S. - Federal Reserve Bank of Philadelphia - 1989
Persistent link: https://www.econbiz.de/10005512322
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The importance of the tax system in determining the marginal cost of funds
Ahmed, Shaghil; Croushore, Dean - Federal Reserve Bank of Philadelphia - 1994
Persistent link: https://www.econbiz.de/10005387462
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The marginal cost of funds with nonseparable public spending
Ahmed, Shaghil; Croushore, Dean - Federal Reserve Bank of Philadelphia - 1994
Persistent link: https://www.econbiz.de/10005387505
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Efficient institutions
Koeppl, Thorsten; Monnet, Cyril; Quintin, Erwan - Federal Reserve Bank of Philadelphia - 2008
model institutional quality as the degree to which obligations associated with exchanging capital can be enforced …. Establishing a positive level of enforcement requires an aggregate investment of capital that is no longer available for production …. When capital endowments are more unequally distributed, the bigger dispersion in marginal products makes it optimal to …
Persistent link: https://www.econbiz.de/10005717321