Calculated Risk (Free subscription) | 08/05/2008
Martin Feldstein writes in the Financial Times: Misleading growth statistics give false comfort Prepositions matter. The recent government report that US gross domestic product increased 0.6 per cent in the first quarter was very misleading. It implied that economic activity was rising in January, February and March. But the increase actually refers to the rise from the average level in the fourth...
Financial Time (Free subscription) | 07/05/2008
The misstatement that the US economy grew in the first quarter creates an mistakenly sanguine view of the months ahead, writes Martin Feldstein
Grasping Reality with Both Hands (Free subscription) | 08/05/2008
He writes: > FT.com / Comment & analysis / Comment - Misleading growth statistics give false comfort: Macroeconomic Advisers... [estimates monthly GDP] using the same conceptual approach as the government uses for its quarterly estimates.... Its most recent estimates... show that real GDP rose from an annual $11,649bn [real 2000 dollars] last October to $11,701bn in December and $11,777bn in January...
Real Time Economics (Free subscription) | 08/05/2008
A roundup of economic news from around the Web. Examining GDP Rise: Writing for the Financial Times, Martin Feldstein says that first-quarter GDP statistics that show growth are misleading. It's worth noting that Mr. Feldstein is president of the National Bureau of Economic Research, which determines the start and end dates of recession. “The recent government [...]
Economist's View (Free subscription) | 08/05/2008
Martin Feldstein has a preposition for you: Misleading growth statistics give false comfort, by Martin Feldstein, Commentary, Financial Times: Prepositions matter. The recent government report that US gross domestic product increased 0.6 per cent in the first quarter was very...
