Estimating Capacity Utilization From Survey Data
- Topics:
- Commercial Banking
- Source:
- Federal Reserve Board
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Overview: This paper reviews the history and concepts behind the Federal Reserve's measures of capacity and capacity utilization, summarizes the methods used to construct the measures, and describes the principal source data for these measures - the Census Bureau's Survey of Plant Capacity. The paper shows that the aggregate manufacturing utilization rate from the Survey of Plant Capacity does not exhibit the "cyclical bias" possessed by utilization rates from the less statistically rigorous utilization rate surveys previously used to estimate the Federal Reserve's measures.
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Format: PDF | Size: 314KB | Date: Aug 2004 | Pages: 39



