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The article analysis research paper about the effects of estimated macroeconomics to the federal reserve's large-scale treasury program. It states that the authors apply a set of model to attempt setting apart the effects that the program may have on interest rates, employment rates, and real spending gross domestic product (GDP). Moreover, it notes that the Boston model suggests that it will require two years for the lagged impact to be fully actualized in the U.S. economy.

The article focuses on the alternative measures of gross domestic product (GDP) and how they affect GDP's interpretation in the U.S. It emphasizes a measure that is different from other published series and capable of addressing economic issues by estimating investment in research and development (R&D), similar intangible items and fraction of wages paid to women. It shows the significance of GDP's correlation with unemployment and inflation in making it a good measure of the country's economy.

Potential output is an estimate of the level of gross domestic product attainable when the economy is operating at a high rate of resource use. A summary measure of the economy's productive capacity, potential output plays an important role in the Congressional Budget Office (CBO)'s economic forecast and projection. The author briefly describes the method the CBO uses to estimate and project potential output, outlines some of the advantages and disadvantages of that approach, and describes some of the challenges associated with estimating and projecting potential output. Chief among these is the difficulty of estimating the underlying trends in economic data series that are volatile, subject to structural change, and frequently revised. Those challenges are illustrated using examples based on recent experience with labor force growth, the Phillips curve, and labor productivity growth. [ABSTRACT FROM AUTHOR]

While homeland security is widely seen as an important national objective, the costs of this effort are not well understood. An analysis of public and private expenditures on homeland security shows that overall spending rose by $44 billion between 2001 and 2005--a clear increase but one that represents a gain of only ¼ of 1 percent as a share of U.S. GDP. Private sector expenditures increased very modestly in dollar terms and remained unchanged as a fraction of the sector's GDP. [ABSTRACT FROM AUTHOR]

Focuses on Tech-Pulse Index as an indicator to assess the activity in the U. S. technology sector. Conference Board indicators used in the index; Growth in real gross domestic product in the U. S. economy; Technological innovations that boost the technology sector.