Publications

In the Media | November 2021

New US Consumption Gauge To Include Unpaid Work, Housing

By Jean Yung
New US Consumption Gauge To Include Unpaid Work, Housing

The U.S. Bureau of Labor Statistics will incorporate estimates of the value of unpaid household work and home ownership into a new measure of consumption, aiming for a more comprehensive view of living standards at a time when policymakers are increasingly concerned with addressing inequality.

Read more at: https://marketnews.com/homepage/mni-us-bls-to-develop-novel-consumption-measure

Publication Highlight

Public Policy Brief No. 156
Still Flying Blind after All These Years
The Federal Reserve’s Continuing Experiments with Unobservables
Author(s): Dimitri B. Papadimitriou, L. Randall Wray
December 2021

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