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Record Nr. |
UNINA9910165036803321 |
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Autore |
Alexander Thomas |
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Titolo |
Measure up : : A Better Way to Calculate GDP / / Thomas Alexander, Claudia Dziobek, Marco Marini, Eric Metreau, Michael Stanger |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2017 |
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ISBN |
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1-4755-7310-3 |
1-4755-7314-6 |
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Descrizione fisica |
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1 online resource (19 pages) |
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Collana |
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Altri autori (Persone) |
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DziobekClaudia |
MariniMarco |
MetreauEric |
StangerMichael |
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Soggetti |
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Gross domestic product - Econometric models |
Deflation (Finance) - Econometric models |
Commodity Markets |
Commodity price fluctuations |
Commodity prices |
Consumption |
Deflation |
Economics |
Environment and Growth |
Environmental Accounts |
General Aggregative Models: General |
Inflation |
Macroeconomics |
Macroeconomics: Consumption |
Measurement and Data on National Income and Product Accounts and Wealth |
National accounts |
National income |
Price indexes |
Price Level |
Prices |
Saving |
Wealth |
Japan |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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To derive real GDP, the System of National Accounts 2008 (2008 SNA) recommends a technique called double deflation. Some countries use single deflation techniques, which fail to capture important relative price changes and introduce estimation errors in official GDP growth. We simulate the effects of single deflation to the GDP data of eight countries that use double deflation. We find that errors due to single deflation can be significant, but their magnitude and direction are not systematic over time and across countries. We conclude that countries still using single deflation should move to double deflation. |
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