Der Aufsatz gibt einen Überblick über die Quellen von Verzerrungen des US-amerikanischen Konsumentenpreisindexes (CPI) nach oben und unten und diskutiert die Massnahmen, die das Bureau of Labor Statistics ergriffen hat, um sie zu beseitigen. Die verbliebenen Verzerrungen werden quantifiziert....

According to KENDRICK (1996, p. 1), National Accounts have become an indispensable tool for macroeconomic analysis, projections, and policy formulation. The paper elaborates on this statement, addressing policy domains that rely heavily on National Accounts data. Yet - useful as they are -...

According to KENDRICK (1996, p. 1), National Accounts have become "an indispensable tool for macroeconomic analysis, projections, and policy formulation". The paper elaborates on this statement, addressing policy domains that rely heavily on National Accounts data. Yet - useful as they are -...

GDP is a closely watched indicator of the current health of the economy and an important tool of economic policy. It has been called one of the great inventions of the 20th Century. It is not, however, a persuasive indicator of individual wellbeing or economic progress. There have been calls to...

This paper’s framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure, counter to the prevailing view that GDP in chained...

Recent pre-crisis growth accounting exercises attribute strong productivity growth toincreased investments in information and communication technologies (ICT), especiallyduring the mid-1990s. EU-wide stylized facts about a growing US-EU productivity gapare confirmed for Germany, particularly...

Der Aufsatz gibt einen Überblick über die Quellen von Verzerrungen des US-amerikanischen Konsumentenpreisindexes (CPI) nach oben und unten und diskutiert die Massnahmen, die das Bureau of Labor Statistics ergriffen hat, um sie zu beseitigen. Die verbliebenen Verzerrungen werden quantifiziert....

A practical aggregation method for heterogeneous log-linear functions is presented. Inequality measures are employed in the construction of an exact representation of the aggregate behavior of an economy formed by heterogeneous log-linear agents. The exact aggregate representation derived here...

In this paper, we propose a decomposition technique to examine the sources of industrial contribution to aggregate labour productivity growth. We show that in terms of pure labour productivity growth, the manufacturing and service sectors contributed equally to the aggregate Canada-U.S. labour...