Current Issues in Economics and Finance
The Impact of Reduced Inflation Estimates on Real Output and Productivity Growth
June 1999 Volume 5, Number 9
JEL classification: E31, O47

Author: Charles Steindel

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?

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