IDEAS home Printed from https://ideas.repec.org/p/bea/papers/0051.html
   My bibliography  Save this paper

Integrated Macroeconomic Accounts for the United States: Draft SNA-USA

Author

Listed:
  • Albert M. Teplin
  • Charles Ian Mead
  • Brent R. Moulton
  • Rochelle Antoniewicz
  • Susan Hume McIntosh
  • Michael G. Palumbo
  • Genevieve Solomon

    (Bureau of Economic Analysis)

Abstract

This paper presents integrated macroeconomic accounts for the United States for the period 1985 to 2002 and discusses issues related to their construction and use. Specifically, it focuses on tying together the national income and product accounts (NIPAs) and international transaction accounts (ITA) published by the Bureau of Economic Analysis and the flow of funds accounts (FFA) published by the Federal Reserve Board. The paper provides integrated accounts for seven sectors: households and nonprofit organizations serving households, nonfinancial non-corporate businesses, nonfinancial corporate businesses, financial businesses, federal government, state and local governments, and the rest of the world. Each sector table has a full complement of accounts: current accounts (production and income accounts), accumulation accounts (capital account, financial account, and other changes in volume account), revaluation account, and balance sheet account. As a result, the sector statements trace the factors leading to changes in sector net worth. Relative to current publications of the two agencies, the tables go quite a bit further toward providing for the United States the sequence of accounts suggested in the System of National Accounts 1993 (SNA93), the recognized international standard. The tables use official data as of June 10, 2004; however, a few series have been created by the authors, and they are unofficial preliminary estimates at this time.

Suggested Citation

  • Albert M. Teplin & Charles Ian Mead & Brent R. Moulton & Rochelle Antoniewicz & Susan Hume McIntosh & Michael G. Palumbo & Genevieve Solomon, 2005. "Integrated Macroeconomic Accounts for the United States: Draft SNA-USA," BEA Papers 0051, Bureau of Economic Analysis.
    • Handle: RePEc:bea:papers:0051
    as

    Download full text from publisher

    File URL: https://apps.bea.gov/papers/pdf/Integratedmac.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Kishori Lal, 2003. "Measurement of Output, Value Added, GDP in Canada and the United States: Similarities and Differences," OECD Statistics Working Papers 2003/4, OECD Publishing.
    2. J. Steven Landefeld & Bruce T. Grimm, 2001. "Revisions to GDP," BEA Papers 0013, Bureau of Economic Analysis.
    3. John F. Wilson & James L. Freund & Frederick O. Yohn, Jr & Walther Lederer, 1989. "Measuring Household Saving: Recent Experience from the Flow-of-Funds Perspective," NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 101-152, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jorgenson, Dale W. & Goettle, Richard J. & Ho, Mun S. & Wilcoxen, Peter J., 2013. "Energy, the Environment and US Economic Growth," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 477-552, Elsevier.
    2. Michel Boutillier & Nathalie Lévy & Valérie Oheix, 2007. "Financial intermediation in developed countries:heterogeneity, lengthening and risk transfer [Intermédiation financière dans les pays développés : hétérogénéité, allongement et transfert de risque]," Working Papers hal-03929054, HAL.
    3. Matthew J. Eichner & Donald L. Kohn & Michael G. Palumbo, 2010. "Financial statistics for the United States and the crisis: what did they get right, what did they miss, and how should they change?," Finance and Economics Discussion Series 2010-20, Board of Governors of the Federal Reserve System (U.S.).
    4. Dale W. Jorgenson & J. Steven Landefeld, 2009. "Implementation of a New Architecture for the US National Accounts," American Economic Review, American Economic Association, vol. 99(2), pages 64-68, May.
    5. Michael G. Palumbo & Jonathan A. Parker, 2009. "The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?," American Economic Review, American Economic Association, vol. 99(2), pages 80-86, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ralph Kozlow, 2002. "Valuing the Direct Investment Position in U.S. Economic Accounts," BEA Papers 0025, Bureau of Economic Analysis.
    2. David A. Wise & Steven F. Venti, 1993. "The Wealth of Cohorts: Retirement Saving and the Changing Assets of Older Americans," NBER Working Papers 4600, National Bureau of Economic Research, Inc.
    3. Michael J. Boskin, 1991. "Issues in the Measurement and Interpretation of Saving and Wealth," NBER Chapters, in: Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth, pages 159-184, National Bureau of Economic Research, Inc.
    4. Macdonald, Ryan, 2007. "Canadian and U.S. Real Income Growth Pre and Post 2000: A Reversal of Fortunes," Economic Analysis (EA) Research Paper Series 2007048e, Statistics Canada, Analytical Studies Branch.
    5. Baldwin, John R. Maynard, Jean-Pierre Tanguay, Marc Wong, Fanny Yan, Beiling, 2005. "Comparaison des niveaux de productivité au Canada et aux États-Unis : étude de certains aspects de la mesure," Série de documents de recherche sur l'analyse économique (AE) 2005028f, Statistics Canada, Direction des études analytiques.
    6. Ernest Aryeetey & Christopher Udry, 2000. "Saving in Sub-Saharan Africa," CID Working Papers 38, Center for International Development at Harvard University.
    7. Alice M. Henriques & Joanne W. Hsu, 2014. "Analysis of Wealth Using Micro- and Macrodata: A Comparison of the Survey of Consumer Finances and Flow of Funds Accounts," NBER Chapters, in: Measuring Economic Sustainability and Progress, pages 245-274, National Bureau of Economic Research, Inc.
    8. Milton P. Reid & Stacey L. Schreft, 1993. "Credit aggregates from the flow of funds accounts," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 49-64.
    9. Michael J. Boskin, 1988. "Issues in the Measurement and Interpretation of Saving and Wealth," NBER Working Papers 2633, National Bureau of Economic Research, Inc.
    10. Kwack, Sung Yeung & Lee, Young Sun, 2005. "What determines saving rates in Korea?: The role of demography," Journal of Asian Economics, Elsevier, vol. 16(5), pages 861-873, October.
    11. William G. Gale & John Sabelhaus, 1999. "Perspectives on the Household Saving Rate," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 181-224.

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bea:papers:0051. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Andrea Batch (email available below). General contact details of provider: https://edirc.repec.org/data/beagvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.