Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

I understand, but I don’t have any third source of the real world against which to compare the other two. The one thing we can perhaps do is to ask ourselves which of the two measures, in terms of the econometrics, helps us best in transforming the data into an understanding of consumption behavior or household behavior. Once again, I don’t think there is a firm conclusion.

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