Macro modeling with chain-type GDP

1 April 1998

journal article
Published by SAGE Publications in Journal of Economic and Social Measurement

Vol. 24 (2) , 123-142
https://doi.org/10.3233/jem-1998-0149

Abstract

The switch to chain-type GDP eliminated the substitution bias problem that plagued the fixed-weight aggregative data macroeconomists have been accustomed to working with. In this paper we review the essential differences between fixed-weight and chai

Keywords

CHAIN TYPE
TYPE GDP
GDP ELIMINATED
DATA MACROECONOMISTS
BIAS PROBLEM
AGGREGATIVE DATA
ESSENTIAL DIFFERENCES
MACRO MODELING

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