“A growing number of economists say that the government should shift its approach to measuring growth. The current system emphasises data on spending, but the bureau also collects data on income. In theory the two should match perfectly – a penny spent is a penny earned by someone else.
A penny spent is a penny earned (by someone else): Measuring GDP
S Borağan Aruoba, Francis X. Diebold, Jeremy J Nalewaik, Frank Schorfheide, Dongho Song, 3 December 2013
Measuring financial development
Martin Cihák, Asli Demirgüç-Kunt, Erik Feyen, Ross Levine, 25 April 2013
Going to a doctor for a health check-up usually involves being weighed. Weight is a useful piece of information that may indicate something about a person’s eating habits, exercise, and other behaviours. But it does not provide a sufficient basis to assess a person’s health and wellbeing.
Love affairs with Chinese and Japanese numbers
Harry X Wu, 28 July 2010
On 24 April 2010, the economics profession lost one of the world’s most gifted scholars ever to quantitatively document economic performance over long periods of time and across major countries in every continent of the world.
Angus Maddison (1926 – 2010)
Why have developing-country data on real incomes been revised so much?
Martin Ravallion, 26 March 2010
The International Comparison Program (ICP) collects the survey data on prices across countries that are used to estimate Purchasing Power Parity exchange rates (PPPs for short). These are then used to make international comparisons of real incomes and for other purposes, including measuring global poverty and inequality.
Is newer better? The Penn World Table growth estimates
Simon Johnson, Arvind Subramanian, Will Larson, Chris Papageorgiou, 7 December 2009
The pioneering work of Irving Kravis, Alan Heston, and Robert Summers (1978), which led to the Penn World Table (PWT) data, was aimed at converting national measures of GDP and income into internationally comparable estimates. Cross-country comparisons could not be based on national GDP data because these were valued at domestic prices.
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- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
DellaVigna, Durante, Knight, La Ferrara
Ostry, Berg, Tsangarides
Allen, Eichengreen, Evans
Greenwood, Guner, Kocharakov, Santos
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi
- 21st Century Challenges: The Mobile Middle Class13 - 13 March 2014 / Royal Geographical Society, 1 Kensington Gore, SW7 London / Royal Geographical Society (with IBG)
- The 13th Annual GEP Postgraduate Conference 20141 - 2 May 2014 / Nottingham / Sponsored by Nottingham Centre for Research on Globalisation and Economic Policy (GEP) University of Nottingham, United Kingdom
- Exchange Rates and External Adjustment2 - 3 June 2014 / Zurich / Swiss National Bank
- 13th Summer School in International Development Economics: Investment, Saving and Wellbeing in Developing Countries10 - 13 June 2014 / Palazzo Feltrinelli, Gargnano, Lake Garda (Italy) / Organisers: Centro Studi Luca d’Agliano, Centre for Economic Policy Research (CEPR), Paolo Baffi Center on International Markets, Money and Regulation, Department of Economics, Management and Quantitative Methods of the University of Milan, Department of Economics, Quantitative Methods and Business Strategies of the University of Milan Bicocca, Vilfredo Pareto Doctoral Program in Economics of the University of Turin, The Lombardy Advanced School of Economic Research (LASER).
- 3rd WB-BE Research Conference: Financing growth: Levers, Boosters and Brakes23 - 24 June 2014 / Banco de España headquarters in Madrid / This conference is sponsored by Banco de España and The World Bank