March 7, 2017

CSSRR Economics–March 7, 2017

Filed under: E. Working Papers,Economics — admin @ 5:19 pm

Bank for International Settlements Working Papers:


NEW: No. 613 “Risk sharing and real exchange rates: the role of non-tradable sector and trend shocks,” by Huseyin Cagri Akkoyun, Yavuz Arslan and Mustafa Kilinc.

No. 612 “Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?” by Claudio Borio and Leonardo Gambacorta.


Inter-American Development Bank Working Paper:


NEW: No. 779 “Child Care Quality and Child Development,” by Maria Caridad Araujo, Marta Dormal and Norbert Schady.

No. 731 “How Much Has the Game Changed?: Revisiting Policymaking in Latin America a Decade Later,” by Mark P. Jones.


US Bureau of Economic Analysis Working Paper: “Quasi-Corporations and Institutional Sectors in the U.S. National Accounts,” by Dylan G. Rassier, Melissa J. Braybrooks, Jason W. Chute, and Howard I. Krakower (WP2017-1, July 2016, .pdf format, 62p.).


The System of National Accounts (SNA) classifies each resident institutional unit to one of five institutional sectors. The corporations sector in the SNA includes a concept of quasicorporations, which are unincorporated enterprises that have no legal status separate from their owners but are engaged in market production and act independently of their owners. In the U.S. national income and product accounts (NIPAs), the treatment of quasi-corporations is currently not consistent with recommendations in the SNA. In particular, unincorporated enterprises owned by households and governments span more than one sector for production and income measures. In addition, some unincorporated enterprises that may not qualify as quasicorporations are treated as quasi-corporations and vice versa. The result yields a lack of alignment between measures of production and income generated in production within a given institutional sector. This paper summarizes data on unincorporated enterprises in the U.S. economy in order to inform the sectoral treatment of U.S. quasi-corporations under SNA recommendations.



Working Papers: New Economic Papers (NEP)-ALL. The latest list of New Economic Papers is dated February 26, 2017.


February 19, 2017:


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