Research Economist
Baoline Chen
Education
Assessing Residual Seasonality in the U.S. National Income and Product Account Aggregates (PDF)
Baoline Chen , Tucker S. McElroy , and Osbert C. Pang
Nowcasting of Advance Estimates of Personal Consumption of Services in the U.S. National Accounts: Individual vs Forecasting Combination Approach (PDF)
Baoline Chen and Kyle K. Hood
Weighted-Covariance Factor Decomposition of Varma Models Applied to Forecasting…
Peter Zadrozny and Baoline Chen
The Statistical Reconciliation of Time Series of Accounts between Two Benchmark…
Baoline Chen , Thomas F. Howells III , Marco Marini , and Tommaso Di Fonzo
Further Model-Based Estimates of U.S. Total Manufacturing Production Capital an…
Baoline Chen and Peter Zadrozny
A Balanced System of U.S. Industry Accounts and Distribution of Aggregate Stati…
Baoline Chen
Estimated U.S. Manufacturing Capital and Productivity Based on an Estimated Dyn…
Baoline Chen and Peter Zadrozny
Book Review on “Benchmarking, Temporal Distribution, and Reconciliation Methods…
Baoline Chen and David F. Findley
Multi-Step Perturbation Solutions on Non-Linear Economic Problems: Illustrated …
Baoline Chen and Peter Zadrozny
An Empirical Comparison of Methods for Temporal Distribution and Interpolation at the National Accounts (PDF)
Baoline Chen
Real-Time State-Space Method for Computing Filtered Estimates of Future Revisio…
Baoline Chen and Peter Zadrozny
An Empirical Review of Methods for Temporal Distribution and Interpolation in t…
Baoline Chen and Stephen H. Andrews
This paper describes and illustrates a generalized least squares (GLS) reconciliation method that can efficiently incorporate all available information on initial data in reconciling a large system of disaggregated accounts and can accurately estimate industry distribution of statistical discrepancy. The GLS reconciliation method is applied to reconciling the 1997 GDP-by-industry accounts and the Input-output accounts. The GDP-by-industry accounts measure GDP by industry using industry gross income, and the input-output accounts measure GDP by industry as the residual between gross output and intermediate inputs. The GLS method produced balanced estimates and estimated the industry distribution of the statistical discrepancy. The results show that using reliability to reconcile different accounts produces statistically meaningful balanced estimates. The study demonstrates that reconciling a large system of disaggregated accounts is empirically feasible and computationally efficient.
Baoline Chen
Higher Moments in the Perturbation Solution of the Linear-Quadratic Exponential…
Baoline Chen and Peter Zadrozny
Measuring the Services of Property-Casualty Insurance in the NIPAs: Changes in …
Baoline Chen and Dennis J. Fixler
An Anticipative Feedback Solution for Infinite-Horizon Linear-Quadratic Dynamic…
Baoline Chen and Peter Zadrozny
Analytic Derivatives of the Matrix Exponential for Estimation of Linear Continu…
Baoline Chen and Peter Zadrozny
Numerical Solution of an Endogenous Growth Model with Threshold Learning
Baoline Chen
An Extended Yule-Walker Method for Estimating a Vector Autoregressive Model wit…
Baoline Chen and Peter Zadrozny