A Guide To U.S. Chain Aggregated Nipa Data

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Disaggregate Evidence on the Persistence of Consumer Price Inflation (2006, methodology): “…11–component level breaks durables, nondurables, 5 Because the BEA reports only total nondurables and services series, core series are constructed by removing the relevant food and energy components, using the simple Tornqvist approximation to an ideal price index recommended by Whelan (2002).”
Sectoral Technology and Structural Transformation (2015, unknown): “where ( yit, rit, wit) denote errors. To avoid confusion, note that the right–hand side of the first equation remains well behaved even as σi → 1. The reason for this is that it converges to the log of the Cobb–Douglas limit of (18). As mentioned above, θi and 1 − θi equal the average income shares ”