Chain-weighting: the new approach to measuring GDP
Recent dramatic changes in the U.S. economy's structure have compelled BEA to revise the way in which it measures real GDP levels and growth. By switching to a chain-weighted method of computing aggregate growth--which relies heavily on current price information--BEA will be able to measure GDP growth more accurately by eliminating upward biases in the incoming data.
Volume (Year): 1 (1995)
Issue (Month): Dec ()
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- Ethan S. Harris & Charles Steindel, 1990. "The decline in U.S. saving and its implications for economic growth," Quarterly Review, Federal Reserve Bank of New York, issue Win, pages 1-19.
- Stephen D. Oliner & Daniel E. Sichel, 1994. "Computers and Output Growth Revisited: How Big Is the Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 273-334.
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