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
|DOI:||10.2139/ssrn.239400||Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Research Collection|
Show full item record
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.