Boston Fed paper on measures of bank output
A Boston Federal Reserve paper, published on Tuesday, examines the different methods of measuring bank output and their contribution to the real economy.
To study the real value of bank services to the economy, Robert Inklaar and Christina Wang, the paper's authors, compare models based on output measures derived from activity counts with measures based on outstanding balances of loans and deposits deflated by a general price index; a model used by statistical agencies in many countries.
Inklaar
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