Off-the-shelf growth accounting is typically used to assess the sources of economic growth, and recently established approaches to measuring trade in value added are typically used to decompose domestic and foreign content in bundles of final demand. This paper merges the two approaches to measure the sources of personal consumption expenditures (PCE) price change in the United States, parse out the contribution of foreign prices across the price chain, and trace price change to changes in prices in the factors of production.
The Verdict
ClassificationLikely AI
ConfidenceMedium confidence
Community Verdict
Sign in to vote
Be the first to vote on this assessment.
Embed Badge
Add this badge to your site to show the AI classification for this content.
[](https://real.press/content/41e72b01-8629-489b-8fab-0be7fb29b0a0)