Browsing School of Economics by Subject "E0"

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A guide to the use of chain aggregated NIPA data

Whelan, Karl (Federal Reserve, 2000-06)

In 1996, the U.S. Department of Commerce began using a new method to construct all aggregate "real" series in the National Income and Product Accounts (NIPA). This method employs the so-called "ideal chain index" pioneered ...
Unemployment and the durational structure of exit rates

Whelan, Karl (Federal Reserve, 1997-10)

This paper presents a simple model of wage bargaining and employment flows designed to address the effects of policies to increase the rate of exit to employment of the long-term unemployed. Exit rates from long- and ...