Skip to ContentSkip to Navigation
Over onsNieuws en agendaNieuwsberichten

GGDC Research Memorandum Nr. 117

12 maart 2010

Title: Banking sector output measurement in the euro area - a modified approach

Author(s): Antonio Colangelo and Robert Inklaar

Abstract: Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk interest rate as in current official statistics, reference rates should more closely match the risk characteristics of loans and deposits. For the euro area, imputed bank output is, on average, 24 to 40 percent lower than according to current methodology. This implies an average downward adjustment of euro area GDP (at current prices) between 0.16 and 0.27 percent.

Date: March 2010 | Full Text

Laatst gewijzigd:10 november 2016 13:37

Meer nieuws

  • 16 april 2018

    Dr. Nancy Kamp-Roelands RA MA van EY nieuwe hoogleraar Accountancy

    Kamp-Roelands beschikt over de unieke combinatie van ervaring met grote (multinationale) ondernemingen, (inter)nationale standaardisering (verslaggeving en controle), academisch onderzoek en een groot netwerk in organisaties op het gebied van duurzame...

  • 12 april 2018

    Two new round tables at 41st International IAEE Energy conference

    The round tables during the 41st International IAEE Energy conference offer a unique opportunity for academics, policy makers, consultants and representatives from energy business to meet and discuss various relevant energy related topics. Lees meer...

  • 10 april 2018

    Campagne energieonderwijs van start: Choose wisely, follow energy

    Deze week lanceren Hanzehogeschool Groningen, Rijksuniversiteit Groningen (RUG) en de New Energy Coalition (NEC) een gezamenlijke wervingscampagne voor energiestudenten. De campagne wijst studenten op de al aanwezige studieroutes op het gebied van energie...