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Rethinking Macro Measurement
Journal of Applied Corporate Finance Pub Date : 2020-12-09 , DOI: 10.1111/jacf.12428
James Sweeney 1
Affiliation  

Economists have long recognized that widely reported and followed economic indicators such as GDP, productivity, and real wage growth often fail to do a good job of capturing the concepts they purport to measure. And as the chief economist of Credit Suisse begins by noting in this article, this mismeasurement problem has been viewed as significant in the cases of inflation and inflation‐adjusted (or real) measures, and even more troubling in the case of productivity.

中文翻译:

重新思考宏观衡量

长期以来,经济学家一直认为,广泛报道并遵循的经济指标(例如GDP,生产率和实际工资增长)往往无法很好地理解他们声称要衡量的概念。正如瑞士信贷的首席经济学家在本文开头所指出的那样,这种错误计量的问题在通货膨胀和通货膨胀调整的(或实际的)措施中被认为是严重的,而在生产率方面则更加令人不安。
更新日期:2020-12-09
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