A guide to the use of chain aggregated NIPA data
|Title:||A guide to the use of chain aggregated NIPA data||Authors:||Whelan, Karl||Permanent link:||http://hdl.handle.net/10197/253||Date:||Jun-2000||Abstract:||In 1996, the U.S. Department of Commerce began using a new method to construct all aggregate "real" series in the National Income and Product Accounts (NIPA). This method employs the so-called "ideal chain index" pioneered by Irving Fisher. The new methodology has some extremely important implications that are unfamiliar to many practicing empirical economists; as a result, mistaken calculations with NIPA data have become very common. This paper explains the motivation for the switch to chain aggregation and then illustrates the usage of chain-aggregated data with three topical examples, each relating to a different aspect of how information technologies are changing the economy.||Type of material:||Working Paper||Publisher:||Federal Reserve||Keywords:||NIPA Data; Chain aggregation; Information technologies||Subject LCSH:||Information technology--United States
National income--Statistical methods
Chain indexing--United States
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Research Collection|
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