Latest Research

The views expressed in these papers are solely those of the authors and not necessarily those of the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.

Measuring Inequality in the National Accounts



This paper provides context for the Bureau of Economic Analysis (BEA) prototype estimates of the distribu- tion of income. It describes measurement questions, such as what concept of income should be used, and a summary of the results for the 2007–2016 period. The paper also presents a… Read more

By Dennis J. Fixler, Marina Gindelsky, David Johnson

Measuring the Effects of the COVID-19 Pandemic on Consumer Spending Using Card Transaction Data



We evaluate the economic effects of the COVID-19 pandemic on consumer spending using daily card transaction data. Overall, we find large effects of this pandemic on sectors such as accommodations and restaurants, which by the second week of March, show declines of around 80 percent and 70… Read more

By Abe C. Dunn, Kyle K. Hood, Alexander Driessen

Measuring the Small Business Economy

To better track the overall growth and relative contributions of small business in the U.S. economy, the U.S. Bureau of Economic Analysis is developing new economic statistics by business size. The paper begins with a description of existing economic statistics for small businesses, including… Read more

By Tina Highfill, Richard Cao, Richard Schwinn, Richard Prisinzano, Danny Leung

Energy Efficiency in General Equilibrium with Input-Output Linkages

Industrial activity periodically experiences breakthrough innovations in energy efficiency, but the estimated impacts of these innovations on aggregate energy use are highly varied. We develop a general equilibrium model to investigate whether this variation is determined by the structure of the… Read more

By Christopher Blackburn , Juan Moreno-Cruz