Discussion Paper
Real GDP and Productivity Measurement: What Do Macro Data Capture?
Abstract: Since the publication of their 2021 "Blue Book", the UK's Office for National Statistics started to measure real GDP in the national accounts using double deflation. This methodological update follows the premise that "double deflation is internationally accepted as the best approach to producing volume estimates of industry Gross Value Added".
https://doi.org/10.17016/2380-7172.3317
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2023-05-22
Number: 2023-05-22