A guide to the use of chain aggregated NIPA data

Files in This Item:
File Description SizeFormat 
whelank_workpap_032.pdf144.12 kBAdobe PDFDownload
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 DataChain aggregationInformation technologies
Subject LCSH: Information technology--United States
National income--Statistical methods
Chain indexing--United States
DOI: 10.2139/ssrn.239400
Other versions: http://www.federalreserve.gov/pubs/feds/2000/200035/200035pap.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Research Collection

Show full item record

Google ScholarTM



This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.