Now, it's possible that productivity gains are just being mismeasured
Moreover, this measurement error may be growing over time as the relative size of the group that is being mismeasured
Third, I ask the question, "Let's suppose what is allegedly being mismeasured
was actually measured.
There are those who argue that the benefits of the smart phone demonstrate that productivity growth is fundamentally mismeasured
In this case, two wrongs make a right: A sufficiently large response to the mismeasured
natural rate will cancel out the mismeasurement in the output gap.
Comparing the gap in value added per hour to the wage gap between the two sectors suggests that value added in the data is mismeasured
U], the worker is truly unemployed--in which case he makes a transition to measured nonparticipation if he remains unemployed and this lack of change in labor market status is mismeasured
On the day of the event, John received a panicked phone call from Everyday Blessings: They mismeasured
the rooms and realized Keller Williams would not have enough paint to complete the project.
Alternatively, perhaps the District's labor force is simply being mismeasured
and is tracing a path more like what we're seeing for the nation.
Conservatives who envision Obama as a Scandinavian-style social democrat have similarly mismeasured
the man: his welfare statism, like his warfare statism, is an all-American concoction.
Work by Athanasios Orphanides and others has argued that the heavy reliance on mismeasured
or misperceived output gaps was a significant contributor to the excessive monetary accommodation that led to the Great Inflation in the 1970s--not one of the Fed's finer moments (see Orphanides and Van Norden 2002).
Determining the degree to which imports and output are mismeasured
is important in this regard.