The Impact of Reduced Inflation Estimates on Real Output and Productivity Growth
6 Pages Posted: 28 Jun 2007
Abstract
Despite posting their strongest sustained performance in many years, recent measures of output and productivity growth have still fallen short of their 1960-73 averages. Could data-measurement problems affecting the pricing of some services account for the inability of these widely tracked U.S. growth indexes to match their earlier rates?
Keywords: inflation, productivity, price measurement, economic data
JEL Classification: E31, O47
Suggested Citation: Suggested Citation
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