publication . Article . 1994

Report of the Fourth District Economists' Roundtable

Michael F. Bryan; John B. Martin;
Open Access
  • Published: 01 Jan 1994
A summary of the 1994 forecasts for real output and inflation presented by 15 members of the Fourth District Economists' Roundtable at their January 1994 meeting, highlighting the measurement of service sector prices and the role of small businesses in creating jobs.
free text keywords: Federal Reserve District, 4th

2. Dennis Fixler developed such a price index in "Measuring Financial Service Output and Prices in Commercial Banking," Applied Economics, vol. 25 (1993), pp. 983-93. The user cost of money was previously developed in W. Barnett, "Economic Monetary Aggregates," Journal of Econometrics, vol. 14 (1980), pp. 11^8; and in D. Donovan, "Modeling the Demand for Liquid Assets: An Application to Canada," International Monetary Fund Staff Papers, no. 25 (1978), pp. 676-704.

3. See Dennis Fixler and K. Zieschang, "Output and Price Measurement in Commercial Banks: Evidence from FDIC Data," Bureau of Labor Statistics, manuscript. 1993.

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