Showing 1 - 10 of 845,269
. Yet the somewhat arbitrary nature of the GDP construction process complicates interpretation and measurement of the …
Persistent link: https://www.econbiz.de/10013153329
Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
Persistent link: https://www.econbiz.de/10010430649
paper, we use this framework to provide a detailed critique of existing GDP and price measurement procedures and summarize …
Persistent link: https://www.econbiz.de/10012198573
The purpose of our paper is to briefly assess the role of GDP in measuring growth and welfare or in getting insight into the state of an economy. In this view, we propose a synthetic theoretical and historical review of national accounting, emphasizing the most important ideological...
Persistent link: https://www.econbiz.de/10013018635
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/10013082220
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/10013083929
conditions in financial markets. We propose an alternative interpretation that suggests that it relates to measurement errors in …
Persistent link: https://www.econbiz.de/10011583875
This paper contributes to the literature by looking at the possible relevance of the structure of the financial system-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased policy attention on strengthening growth...
Persistent link: https://www.econbiz.de/10012871772
measurement for financial firms, such as: (1) What are the correct "reference rates" to use in calculating bank output? In …This paper addresses the proper measurement of financial service output that is not priced explicitly. It shows how to …
Persistent link: https://www.econbiz.de/10012464031
measurement for financial firms, such as: (1) What are the correct quot;reference ratesquot; to use in calculating bank output? In …This paper addresses the proper measurement of financial service output that is not priced explicitly. It shows how to …
Persistent link: https://www.econbiz.de/10012758025