Understanding National Accounts: Second Edition
... oday more than ever, national accounts remain at the core of a modern system of economic statistics. The global economic and financial crisis has further underlined the importance of a timely, reliable and comprehensive monitoring of economic activity and also pointed to directions for new developme ...
... oday more than ever, national accounts remain at the core of a modern system of economic statistics. The global economic and financial crisis has further underlined the importance of a timely, reliable and comprehensive monitoring of economic activity and also pointed to directions for new developme ...
NBER WORKING PAPER SERIES GROSS NATIONAL PRODUCT, 1909-1928: EXISTING ESTIMATES, NEW ESTIMATES
... these estimates are less reliable than the standard GNP estimates that become available in 1929, most researchers presume that the official government series is reasonably accurate, or at the very least is the best series available for ...
... these estimates are less reliable than the standard GNP estimates that become available in 1929, most researchers presume that the official government series is reasonably accurate, or at the very least is the best series available for ...
Revised paper PDF 0.5 MB - Productivity Commission
... discussed in Aspden (1990). See Hulten (2001) for a short biographical account of the development of MFP/TFP measures. ...
... discussed in Aspden (1990). See Hulten (2001) for a short biographical account of the development of MFP/TFP measures. ...
Purchasing Power Parities and Real Expenditures
... The International Comparison Program (ICP) is a global statistical initiative set up on the recommendation of the United Nations Statistical Commission to enable comparisons of economic aggregates. From a modest beginning with just 10 economies participating in 1970, the ICP has expanded to cover 19 ...
... The International Comparison Program (ICP) is a global statistical initiative set up on the recommendation of the United Nations Statistical Commission to enable comparisons of economic aggregates. From a modest beginning with just 10 economies participating in 1970, the ICP has expanded to cover 19 ...
© PG Worth Publishers, Do Not Duplicate
... computers necessary to analyze such large data sets. Instead of relying on statistical analysis, Keynes made conjectures about the consumption function based on introspection and casual observation. First and most important, Keynes conjectured that the marginal propensity to consume—the amount consu ...
... computers necessary to analyze such large data sets. Instead of relying on statistical analysis, Keynes made conjectures about the consumption function based on introspection and casual observation. First and most important, Keynes conjectured that the marginal propensity to consume—the amount consu ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... prepared only in current dollars.7 Both the benchmark and the annual I-O accounts are prepared within a balanced row-and-column framework that is presented in two tables: a “make” table and a “use” table. The make table shows the commodities that are produced by each industry, and the use table show ...
... prepared only in current dollars.7 Both the benchmark and the annual I-O accounts are prepared within a balanced row-and-column framework that is presented in two tables: a “make” table and a “use” table. The make table shows the commodities that are produced by each industry, and the use table show ...
Chapter 4 A R :
... 2010 has indicated that the Advance Estimate figures for GDP at current prices/Market prices is ` 62,31,171 crore. Figures are continually being revised by CSO and this data is meant for an indicative comparison of fiscal performance with macroeconomic performance. Note: Figures indicating relative ...
... 2010 has indicated that the Advance Estimate figures for GDP at current prices/Market prices is ` 62,31,171 crore. Figures are continually being revised by CSO and this data is meant for an indicative comparison of fiscal performance with macroeconomic performance. Note: Figures indicating relative ...
13EXPENDITURE MULTIPLIERS: THE KEYNESIAN MODEL*
... A) less than the slope of the 45-degree line but not equal to zero. B) greater than the slope of the 45-degree line. C) equal to the slope of the 45-degree line. D) equal to zero. Answer: A Topic: Consumption Function Skill: Conceptual ...
... A) less than the slope of the 45-degree line but not equal to zero. B) greater than the slope of the 45-degree line. C) equal to the slope of the 45-degree line. D) equal to zero. Answer: A Topic: Consumption Function Skill: Conceptual ...
DoD Inflation Handbook
... This book developed from a PA&E analyst’s observations that inflation adjustments had been misapplied to several significant analytical products used to inform decisions in the Department of Defense. In at least one case the misapplication changed the net present value (the deciding factor in the an ...
... This book developed from a PA&E analyst’s observations that inflation adjustments had been misapplied to several significant analytical products used to inform decisions in the Department of Defense. In at least one case the misapplication changed the net present value (the deciding factor in the an ...
A Comparison between ABS and National Accounts
... The business sold a total of £1,200 worth of goods and services during the reference year. The value of sales at market prices is therefore £1,200. The business paid £450 in taxes on products (for example, import duties and export levies) but received £150 in subsidies on products (for example, impo ...
... The business sold a total of £1,200 worth of goods and services during the reference year. The value of sales at market prices is therefore £1,200. The business paid £450 in taxes on products (for example, import duties and export levies) but received £150 in subsidies on products (for example, impo ...
IMF Staff Papers Vol. 48 No. 3, 2001
... overthrow, π, which is constant per unit time. If π is assumed to be constant at each point in time then the introduction of this sort of uncertainty has the effect of raising the discount rate by π. The instability generated by the constant probability of overthrow means that the government becomes ...
... overthrow, π, which is constant per unit time. If π is assumed to be constant at each point in time then the introduction of this sort of uncertainty has the effect of raising the discount rate by π. The instability generated by the constant probability of overthrow means that the government becomes ...
Guide To The Markets - J.P. Morgan Asset Management
... Equity markets and reflation US bear markets Interest rates and equities Japanese equities performance and drivers Developed market equity valuations by country Emerging market equity valuations by country Emerging markets: Valuations and returns Emerging markets: Investment drivers Emerging markets ...
... Equity markets and reflation US bear markets Interest rates and equities Japanese equities performance and drivers Developed market equity valuations by country Emerging market equity valuations by country Emerging markets: Valuations and returns Emerging markets: Investment drivers Emerging markets ...
Macro CH 30 sample questions
... ____ 35. As real U.S. GDP increases, U.S. income increases and so a. U.S. imports decrease. b. U.S. exports decrease. c. U.S. imports increase. d. U.S. exports increase. e. investment increases. ____ 36. Looking at the U.S. consumption function from 1960 to 2005, we see that a. the consumption funct ...
... ____ 35. As real U.S. GDP increases, U.S. income increases and so a. U.S. imports decrease. b. U.S. exports decrease. c. U.S. imports increase. d. U.S. exports increase. e. investment increases. ____ 36. Looking at the U.S. consumption function from 1960 to 2005, we see that a. the consumption funct ...
Lecture 5: Aggregate Expenditure and Output in the Short Run
... graph the consumption function using national income rather than disposable income. We can also calculate the MPC, which is the slope of the consumption function, using either the change in national income or the change in disposable income and always get the same value. The slope of the consumption ...
... graph the consumption function using national income rather than disposable income. We can also calculate the MPC, which is the slope of the consumption function, using either the change in national income or the change in disposable income and always get the same value. The slope of the consumption ...
Exploring Tradable and Non-Tradable Inflation in Consumer Prices
... Knight and Johnson (1997) have also significantly contributed to the literature on tradables and non-tradables. They define a tradable item as “a domestically produced good or service if it is actually traded internationally (as are exports) or if it could be traded internationally at some plausible ...
... Knight and Johnson (1997) have also significantly contributed to the literature on tradables and non-tradables. They define a tradable item as “a domestically produced good or service if it is actually traded internationally (as are exports) or if it could be traded internationally at some plausible ...
26 Expenditure Multipliers.tst
... 49) The marginal propensity to import is equal to ________. A) the change in net imports divided by the change in disposable income, other things remaining the same B) 1 - MPC C) the change in imports divided by the change in real GDP that brought it about, other things remaining the same D) dispos ...
... 49) The marginal propensity to import is equal to ________. A) the change in net imports divided by the change in disposable income, other things remaining the same B) 1 - MPC C) the change in imports divided by the change in real GDP that brought it about, other things remaining the same D) dispos ...
Using Expenditure PPPs for Sectoral Output and Productivity
... comparisons are based on purchasers’ prices of final goods and services with a detailed product specification. Hence, to apply them to output and productivity comparisons by industry, the PPPs have to be mapped from expenditure categories to industry groups. The expenditure approach to sectoral PPPs ...
... comparisons are based on purchasers’ prices of final goods and services with a detailed product specification. Hence, to apply them to output and productivity comparisons by industry, the PPPs have to be mapped from expenditure categories to industry groups. The expenditure approach to sectoral PPPs ...
Comparing the Real Size of African Economies
... the results of the 2011 round of the International Comparison Program (ICP) for Africa.1 This latest round is the third large-scale international price and volume comparison for Africa executed under the leadership of the AfDB. The first was the 2005 round of the ICP and this was followed by an inte ...
... the results of the 2011 round of the International Comparison Program (ICP) for Africa.1 This latest round is the third large-scale international price and volume comparison for Africa executed under the leadership of the AfDB. The first was the 2005 round of the ICP and this was followed by an inte ...
13EXPENDITURE MULTIPLIERS: THE KEYNESIAN MODEL*
... The basic idea and practice. Students need quite a lot of practice using multipliers. One good problem involves working out the effects on consumption as well as GDP of a change in investment (when the price level is fixed). The best way to present this problem to the students seems to be sequential ...
... The basic idea and practice. Students need quite a lot of practice using multipliers. One good problem involves working out the effects on consumption as well as GDP of a change in investment (when the price level is fixed). The best way to present this problem to the students seems to be sequential ...
28 EXPENDITURE MULTIPLIERS**
... Remember what was actually in the stimulus bill of 2009: slightly more than $600 billion went toward poor and middle-class tax cuts, safety net spending (more unemployment assistance and food stamps), and aid to state governments with budget shortfalls. These are the most directly simulative parts o ...
... Remember what was actually in the stimulus bill of 2009: slightly more than $600 billion went toward poor and middle-class tax cuts, safety net spending (more unemployment assistance and food stamps), and aid to state governments with budget shortfalls. These are the most directly simulative parts o ...
PDF
... that there are contemporaneous correlations among demands of importing countries. Unobserved factors in one country may affect the demand of the own country and demands of other countries as well. Therefore, the result of an OLS regression may not be efficient. As far as we know, no research estimat ...
... that there are contemporaneous correlations among demands of importing countries. Unobserved factors in one country may affect the demand of the own country and demands of other countries as well. Therefore, the result of an OLS regression may not be efficient. As far as we know, no research estimat ...
Steven Davis presentation
... investment, employment and output measures. • The effects are material, but moderate, in size. • The right interpretation of these statistical results is unclear. Two possibilities: – Higher EPU causes the negative statistical effects – EPU shocks coincide with other negative developments that are n ...
... investment, employment and output measures. • The effects are material, but moderate, in size. • The right interpretation of these statistical results is unclear. Two possibilities: – Higher EPU causes the negative statistical effects – EPU shocks coincide with other negative developments that are n ...
CONDI: A Cost-Of-Nominal-Distortions Index
... The analysis proceeds in three steps. First, we construct a database with measures of price stickiness and labor shares across PCE items, at two levels of aggregation. At the coarser level of aggregation, we only distinguish between non-core items, which include food and energy, and core items, whic ...
... The analysis proceeds in three steps. First, we construct a database with measures of price stickiness and labor shares across PCE items, at two levels of aggregation. At the coarser level of aggregation, we only distinguish between non-core items, which include food and energy, and core items, whic ...
Consumer price index
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI is, along with the population census and the USA National Income and Product Accounts, one of the most closely watched national economic statistics.