The Value of Risk: Measuring the Service Output of U.S. Commercial Banks

Susanto Basu, Robert Inklaar, J. Christina Wang

NBER Working Paper No. 14615
Issued in December 2008

---- Acknowledgements -----

We would like to thank Barry Bosworth, Erwin Diewert, John Fernald, Alice Nakamura, Marshall Reinsdorf, Paul Schreyer, Kevin Stiroh, Jack Triplett, Frank Wykoff and participants at the 2006 NBER/CRIW Summer Institute workshop, for helpful conversations and comments on the issues addressed in this paper. The views expressed in this paper are solely those of the authors and are not those of the Federal Reserve System or the Federal Reserve Bank of Boston. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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