NATIONAL ACCOUNTS AT CONSTANT PRICES

National Accounts at Constant Prices by J

This article discusses the problem of compiling a balanced set of national accounts at constant prices. The method adopted is based on earlier work on this subject by Burge and Geary. Commodity flows, which are uniquely deflatable, are expressed at constant prices and savings in constant prices is obtained by preserving a balanced set of equations in real terms. The deflation of the external ac...

Computer prices : How good is the quality adjustment ? Paul McCarthy National Accounts Division Statistics Directorate OECD

Toward National Well-Being Accounts

Economists have traditionally eschewed direct measures of well-being on methodological grounds: the private nature of experience and the discomfort of making interpersonal comparisons. Instead, income is often used as a proxy for opportunities and well-being. If people are not fully rational, however, their choices will not necessarily maximize their experienced utility, and increasing their op...

A national survey of cigarette prices at military retail outlets.

forcement of the law while litigation is pending. To be granted a preliminary injunction, the requesting party must show their case is likely to succeed on the merits. Cooke’s order provides a preview into the approach the court will take in analyzing the merits of the case and suggests the law is unlikely to withstand legal challenge. After establishing that the law concerns the First Amendmen...

Real-time National Accounts Data

ing from the statistical detail of these changes, the cautionary implication for policy-makers is clear: to the extent that inputs like the economy’s growth rate are used in the policy formation process, the substantial inherent uncertainty surrounding such data needs to be recognised. This uncertainty complicates the task of responding to the ‘true’ state of the economy, and suggests the dange...