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Between 1990 and 2000, the decline in the NAICS 334 deflator accounted for over 40 per cent of estimated aggregate manufacturing productivity growth, and even during the catastrophic 2000-2010 decade it accounted for over 20 per cent.
(12) As stated by BEA, an "implicit price deflator is the ratio of the current-dollar value of a series, such as gross domestic product (GDP), to its corresponding chained-dollar value, multiplied by 100." (See "What is an implicit price deflator and where can I find the GNP IPD?" in Frequently asked questions (U.S.
After abstracting from short-term movements caused by economic disruptions, recessions, and wars, inflation is ultimately a monetary phenomenon: since 1929, the average annual percentage increase in the GDP deflator has been 2.8 percent, and the average annual growth in excess money has been 2.9 percent.
They provide, however, the data from which Table 31 (constant dollars) and Based on Department of Defense Price Deflator.
Using survey data for the United States, Davis and Kanago (2004) found a negative correlation for the deflator and real GDP; but, like Den Haan, they found a positive correlation between the CPI and the IP.
The PCE deflator, the basis for our analysis, is a chain-weight price index published monthly by the U.S.
Our point estimates of [theta] are higher in the second sample period, implausibly so for the NFB deflator. But taking sampling uncertainty into account, one cannot reject the hypothesis, for any measure of inflation or in either subsample period, that firms reoptimize prices, on average, once a year ([theta] = 0.75).
The CPI, Japan's key price gauge, shows the trend has been continuing for more than two years, while the GDP deflator indicates deflationary pressure since the mid-1990s, the copy says.
A taxpayer must compute the current year's inflator index based on actual earliest acquisitions cost (see Example 1).The following methods are not acceptable: (1) use of the prior year's cumulative deflator index to value the current year's increment, assuming there is no inflation at the beginning of the current year or (2) use of a method that estimates the earliest acquisitions cost based on inventory turns.
Second, the paper deflates state GSP with the state-specific price deflator. This adjustment significantly changes the pattern of convergence.
The contract would require taxpayers to use a gross domestic product deflator that is published quarterly.
For simplicity, in many cases the real money stock is defined by using as the relevant deflator the price of either of those goods.