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Politics : Ask Michael Burke

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To: Mark Adams who wrote (89077)2/1/2001 11:04:49 AM
From: Mike M2  Read Replies (1) of 132070
 
Mark, I don't know if you were around the thread when we beat the hedonics issue to death see mwhodges.home.att.net The US is alone in it's use of hedonics in calcualting Chain-weigthed GDP overstates its growth when compared to other industrial nations of Euroland, Japan , England et. al. . In short, to make a valid comparison of investment, GDP growth and productivity the same methodology must be used. The Bundesbank, OECD, English equivalent of BLS - I don't recall the precise name, the Japanese all have noted that hedonics overstates GDP growth and productivity growth when compared to other industrial nations. I'll address some of your euro concerns tonight. Mike
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