There has been a large amount of recent interest in how the U.S. can be the so-called world's largest debtor nation and at the same time have a persistent surplus on income in its balance of payments accounts. Based on BEA's published data, two factors explain the incongruence - a difference in...

This note briefly summarizes work conducted in the United States over the past several years to design a report form that collects comprehensive data on U.S. positions and transactions in derivative financial instruments.

This paper is part of a series that provides the details behind the Bureau of Economic Analysis’s (BEA) satellite account on research and development (R&D) activity. In the current work, the focus is on industry-specific depreciation rates for business R&D capital. This paper begins by...

Paper presented at the Third International Seminar on Early Warning and Business Cycle Indicators

Chain drift is the difference between the rate of change calculated by chaining an index over a multi period interval and that obtained using endpoints only. More generally, different linking intervals yield different estimates. In this paper, procedures are suggested for evaluating the severity...

The paper looks at the 10 recessions since World War II, and compares them to both monthly and quarterly indicators of general economic activity. It finds that four monthly measures emphasized by the NBER’s dating committee do not fully agree with the official peak and trough months, but...

This paper translates research and development expenditure data organized based on the Frascati Manual for the U.S. to a measure of gross output consistent with The System of National Accounts 1993. A set of detailed tables translates U.S. survey data on the performance of R&D from the National...

This paper studied the feasibility of reconciling BEA state personal income (SPI) and IRS adjusted gross income (AGI) at the state level. After reviewing data sources from BEA, IRS, and other agencies, it was concluded that it is feasible to prepare accurate reconciliations of state level wages...