A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output
Published Date
Copyright 2009
ISBN 9780226148557
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Copy CitationJ. Christina Wang, Susanto Basu, and John G. Fernald, Price Index Concepts and Measurement (University of Chicago Press, 2009), chap. 7, https://www.nber.org/books-and-chapters/price-index-concepts-and-measurement/general-equilibrium-asset-pricing-approach-measurement-nominal-and-real-bank-output.
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This paper addresses the proper measurement of financial service output that is not priced explicitly. It shows how to...