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|Most of the accompanying explanatory and analytical texts for these studies are not yet online, and most of the data obviously badly need updating. But because they illustrate the IEA empirical approach to structural and functional analysis, they are included here as a challenge to others to join in the updating. IEA would be glad to cooperate in any such enterprise.|
How to Read IEA Charts -- Web-adapted version of a handout that went out with every subscription to IEA Pocket Charts, explaining the conventions used in, and useful analytical characteristics of, the charts.
"Pile-up" charts showing structural (% of total) changes in components, 1947-77
IEA Special Report #2
This article discusses IEA's work in developing a "stable" measure of GNP for use in the Money Demand Stock/Flow Ratio that is central to IEA's conceptural framework for economic analysis and management. It was necessary to remove the functionally inappropriate effects of residual seasonal factors (in "seasonally adjusted" data) and inventory investment variations.
Illustrative tables using two quarters of 1977 FOFA data.
(see IEA Pocket Charts, Panel 11 and R-11A).
(see IEA Pocket Charts, Panel 16).
Result -- each 1% increase in unemployment increases the deficit by about 0.7% of GDP.
|Last revised: January 17, 2010||