Chapter

Panel Remarks

Edited by Dale W. Jorgenson, J. Steven Landefeld and William D. Nordhaus

in A New Architecture for the U.S. National Accounts

Published by University of Chicago Press

Published in print July 2006 | ISBN: 9780226410845
Published online February 2013 | e-ISBN: 9780226410876 | DOI: http://dx.doi.org/10.7208/chicago/9780226410876.003.0014
Panel Remarks

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This chapter discusses the panelists' opinion on the outcome of the Conference on a New Architecture for the U.S. national accounts. They all agree that the conference has accomplished the objective of initiating the lengthy process that will be required to produce an integrated and consistent system of U.S. national accounts. But they also acknowledged that the completion of the integration process will require collaboration between the U.S. Bureau of Economic Analysis (BEA) and the Bureau of Labor Statistics (BLS) to integrate he components of the core system of accounts and between the BEA and the Federal Reserve Board on integrated and consistent income and expenditures, capital, and wealth accounts.

Keywords: U.S. national accounts; integration process; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; U.S. Federal Reserve Board; income account; capital account; expenditure account; wealth account

Chapter.  5846 words. 

Subjects: Economic Systems

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