Cover: National Measures of Investment and Saving Reconciled

National Measures of Investment and Saving Reconciled

Published 1985

by Peter D. Ivory, John E. Dawson


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The two major national accounting systems of the United States are the National Income and Product Accounts (NIPA) and the Flow of Funds Accounts (FoF). The first system is maintained by the Department of Commerce, and the second is maintained by the Federal Reserve. This report presents in a series of accounting tables the interconnections between the NIPA and the FoF measures of investment and saving. In addition, the confusion over NIPA and FoF measures of personal saving is resolved.

This report is part of the RAND report series. The report was a product of RAND from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

This research in the public interest was supported by RAND, using discretionary funds made possible by the generosity of RAND's donors, the fees earned on client-funded research, and independent research and development (IR&D) funds provided by the Department of Defense.

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