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Aggregate productivity and the productivity of aggregates

Basu, Susanto; Fernald, John G. - 1995

Persistent link: https://www.econbiz.de/10000931932

Risk bearing, implicit financial services and specialization in the financial industry

Wang, J. Christina; Basu, Susanto - 2008

Persistent link: https://www.econbiz.de/10003803967

Risk bearing, implicit financial services, and specialization in the financial industry

Wang, J. Christina (contributor); Basu, Susanto (contributor) - 2005

What is the output of financial institutions? And how can we measure their nominal and, more importantly, real value, especially since many financial services are provided without explicit charges? This paper summarizes the theoretical result that, to correctly impute the nominal value of...

Persistent link: https://www.econbiz.de/10003346699

Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry

Wang, J. Christina - 2009

This paper makes three points regarding the proper measurement of the output of financial intermediaries. Two of them … concern the measurement of nominal financial output, especially banking output. First, we show that, to impute the nominal … whole). The third point concerns the construction of a financial services price index, and thus applies to the measurement …

Persistent link: https://www.econbiz.de/10012764900

Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry

Wang, J. Christina - 2008

This paper makes three points regarding the proper measurement of the output of financial intermediaries. Two of them … concern the measurement of nominal financial output, especially banking output. First, we show that, to impute the nominal … third point concerns the construction of a financial services price index, and thus applies to the measurement of real …

Persistent link: https://www.econbiz.de/10012464033

Price Index Concepts and Measurement

Basu, Susanto (contributor); Bradley, Ralph (contributor); … - 2010

Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the...