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Chain-Weighting: The New Approach to Measuring GDP


Charles Steindel


Federal Reserve Bank of New York
December 1995

Current Issues in Economics and Finance Vol. 1, No. 9, December 1995

Abstract:     
Recent dramatic changes in the U.S. economy's structure have compelled BEA to revise the way in which it measures real GDP levels and growth. By switching to a chain-weighted method of computing aggregate growth—which relies heavily on current price information—BEA will be able to measure GDP growth more accurately by eliminating upward biases in the incoming data.

Number of Pages in PDF File: 6

Keywords: GDP, chain-weighting

JEL Classification: O47, E00

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Date posted: July 21, 2007  

Suggested Citation

Steindel, Charles, Chain-Weighting: The New Approach to Measuring GDP (December 1995). Current Issues in Economics and Finance Vol. 1, No. 9, December 1995. Available at SSRN: http://ssrn.com/abstract=1001249 or http://dx.doi.org/10.2139/ssrn.1001249

Contact Information

Charles Steindel (Contact Author)
Federal Reserve Bank of New York ( email )
33 Liberty Street
New York, NY 10045
United States
Feedback to SSRN (Beta)


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