NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Paul Lengermann

Federal Reserve Board
20th & Constitution Ave., NW
Washington, DC 20551
Tel: 202-452-3928
Fax: 202-736-1937

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Federal Reserve Board

NBER Working Papers and Publications

September 2019From Transactions Data to Economic Statistics: Constructing Real-time, High-frequency, Geographic Measures of Consumer Spending
with Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Claudia Sahm: w26253
Access to timely information on consumer spending is important to economic policymakers. The Census Bureau’s monthly retail trade survey is a primary source for monitoring consumer spending nationally, but it is not well suited to study localized or short-lived economic shocks. Moreover, lags in the publication of the Census estimates and subsequent, sometimes large, revisions diminish its usefulness for real-time analysis. Expanding the Census survey to include higher frequencies and subnational detail would be costly and would add substantially to respondent burden. We take an alternative approach to fill these information gaps. Using anonymized transactions data from a large electronic payments technology company, we create daily estimates of retail spending at detailed geographies. Our...
July 2019From Transactions Data to Economic Statistics: Constructing Real-Time, High-Frequency, Geographic Measures of Consumer Spending
with Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Claudia Sahm
in Big Data for 21st Century Economic Statistics, Katharine G. Abraham, Ron S. Jarmin, Brian Moyer, and Matthew D. Shapiro
Access to timely information on consumer spending is important to economic policymakers. The Census Bureau’s monthly retail trade survey is a primary source for monitoring consumer spending nationally, but it is not well suited to study localized or short-lived economic shocks. Moreover, lags in the publication of the Census estimates and subsequent, sometimes large, revisions diminish its usefulness for real-time analysis. Expanding the Census survey to include higher frequencies and subnational detail would be costly and would add substantially to respondent burden. We take an alternative approach to fill these information gaps. Using anonymized transactions data from a large electronic payments technology company, we create daily estimates of retail spending at detailed geographies. Our...
May 2009The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977-2000
with Carol Corrado, Larry Slifman
in International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter, editors
August 2005The Relation among Human Capital, Productivity, and Market Value: Building Up from Micro Evidence
with John M. Abowd, John Haltiwanger, Ron Jarmin, Julia Lane, Kristin McCue, Kevin McKinney, Kristin Sandusky
in Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger and Dan Sichel, editors
 
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