Integrated Macroeconomic Accounts for the United States: Draft SNA-USA
This paper presents integrated macroeconomic accounts for the United States for the period 1985 to 2002 and discusses issues related to their construction and use. Specifically, it focuses on tying together the national income and product accounts (NIPAs) and international transaction accounts (ITA) published by the Bureau of Economic Analysis and the flow of funds accounts (FFA) published by the Federal Reserve Board. The paper provides integrated accounts for seven sectors: households and nonprofit organizations serving households, nonfinancial non-corporate businesses, nonfinancial corporate businesses, financial businesses, federal government, state and local governments, and the rest of the world. Each sector table has a full complement of accounts: current accounts (production and income accounts), accumulation accounts (capital account, financial account, and other changes in volume account), revaluation account, and balance sheet account. As a result, the sector statements trace the factors leading to changes in sector net worth. Relative to current publications of the two agencies, the tables go quite a bit further toward providing for the United States the sequence of accounts suggested in the System of National Accounts 1993 (SNA93), the recognized international standard. The tables use official data as of June 10, 2004; however, a few series have been created by the authors, and they are unofficial preliminary estimates at this time.
|Date of creation:||Jul 2005|
|Date of revision:|
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- John F. Wilson & James L. Freund & Frederick O. Yohn, Jr & Walther Lederer, 1989.
"Measuring Household Saving: Recent Experience from the Flow-of-Funds Perspective,"
in: The Measurement of Saving, Investment, and Wealth, pages 101-152
National Bureau of Economic Research, Inc.
- John F. Wilson & James L. Freund & Frederick O. Yohn, Jr. & Walther Lederer, 1988. "Measuring household saving: recent experience from the flow of funds perspective," Working Paper Series / Economic Activity Section 85, Board of Governors of the Federal Reserve System (U.S.).
- J. Steven Landefeld & Bruce T. Grimm, 2001. "Revisions to GDP," BEA Papers 0013, Bureau of Economic Analysis.
- Kishori Lal, 2003. "Measurement of Output, Value Added, GDP in Canada and the United States: Similarities and Differences," OECD Statistics Working Papers 2003/4, OECD Publishing.
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