Modernizing Federal Economic Statistics

William G. Bostic, Ron Jarmin and Brian Moyer

American Economic Review, 2016, vol. 106, issue 5, 161-64

Abstract: Official statistical data on the structure, evolution and performance of the U.S. economy are produced by a variety federal, state and local agencies. Much of the methodology, policy frameworks and infrastructure for U.S. economic measurement have been in place for decades. There are growing concerns that the economy is evolving more rapidly than are the economic statistics we use to monitor it. We discuss both the challenges and opportunities to modernizing federal economic statistics. We describe an incremental approach that federal statistics agencies can follow to build a 21st century economic measurement system.

JEL-codes: C38 C80 (search for similar items in EconPapers)
Date: 2016
Note: DOI: 10.1257/aer.p20161061
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Citations: View citations in EconPapers (4)

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