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Abstract
Measurement of Banking Services in the U.S. National Income and
Product Accounts: Recent Changes and Outstanding Issues, by Brent
R. Moulton
Presented at the May 5, 2000 meeting of the BEA Advisory Committee.
In preparing for the 1999 comprehensive revision of the national income
and product accounts (NIPA’s), BEA conducted research focused on two possible
changes to the treatment of banking imputation: changing the method for
separating "real" (i.e., quantity) changes from price changes for this
service, and changing the method for allocating the consumption of the
imputed service to the various users of the service. Only the first of
these research projects was successful, in the sense that an improved
methodology for real banking services was adopted and implemented. This
paper summarizes the two research projects, the new methodology, and the
outstanding issues.
Last changed: December 7, 2001
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