Behavioral Economics Commons^™

An Index Of Macroeconomic Performance, Leo L. Liyeung

Senior Theses and Projects

There exists an abundance of economic indicators and ways to interpret macroeconomic data. While the rates of unemployment, inflation, GDP growth, etc all give important insights into the performance of an economy, all these indicators are, at best, incomplete ones that fail to look at the bigger picture of the economy as a whole.

Several macroeconomists have looked into the development of an Index of Macroeconomic Performance (IMP) that provides a comprehensive account of economic performance, the formulation of which allows for straightforward comparisons of macroeconomic performance internationally and intertemporally. Conventional indicators like unemployment, inflation, and GDP growth are taken …