The business cycle and chain-weighted GDP: has our perspective changed?
AbstractOur perspective on the U.S. economy's recent performance has been challenged recently by changes in the methodology used to adjust the National Income and Product Accounts for inflation. Michael R. Pakko surveys the changes embodied in the revised data, examining the question of whether or not the revisions alter our view of the overall pattern of economic fluctuations known collectively as the business cycle.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Review.
Volume (Year): (1997)
Issue (Month): Sep ()
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- Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-18.
- Armando Ibarra, . "Indíce Encadenado de la Tasa de Cambio Real Regional Ponderado por el Comercio de Exportación," Borradores de Economia 122, Banco de la Republica de Colombia.
- Victor E. Li, 1999. "Can market-clearing models explain U.S. labor market fluctuations?," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 35-49.
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