Real GDP and Productivity Measurement: What Do Macro Data Capture?

François de Soyres, Alexandre Gaillard and Henry L. Young

No 2023-05-22, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Since the publication of their 2021 "Blue Book", the UK's Office for National Statistics started to measure real GDP in the national accounts using double deflation. This methodological update follows the premise that "double deflation is internationally accepted as the best approach to producing volume estimates of industry Gross Value Added".

Date: 2023-05-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-05-22

DOI: 10.17016/2380-7172.3317

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