Journal Article

The impact of reduced inflation estimates on real output and productivity growth


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 (Finance); Gross domestic product; Economic development; Productivity; Statistics; Economic indicators;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 1999

Volume: 5

Issue: Jun

Order Number: 9