For years, measuring economic welfare has been pretty straightforward. Classic economics obsess over a single value: gross domestic product. Luckily, economic paradigms are shifting, and experts are ...

A major methodological shift will be the adoption of double deflation across all sectors, a practice recommended by the IMF.

Diane Coyle’s new book, GDP: A Brief But Affectionate History, is a timely contribution to discussions of modern economic performance. She argues that Gross Domestic Product increasingly ...

With “value added” methods of measuring student-learning gains continuing to grow in popularity, policymakers and researchers met here last week to explore possible new ways of using the sometimes ...

Includes updates and/or revisions. As value-added research designs gain in popularity and undergo increasing scrutiny, experts are beginning to wave cautionary flags about how best to make use of them ...