The Federal Reserve Bank of San Francisco’s “Community Indicators Project” is a quarterly survey tool that includes a collection of open-ended questions to inform community development policy and practice in a richer way than quantitative data alone. Leaders from banks, nonprofits, community-based organizations, foundations, local government, and the private sector are asked about the conditions and trends affecting low-income households.
Indeed, as I noted previously, most European countries still have yet to adopt the most up-to-date techniques for measuring computer prices in their national accounts. As the OECD survey recognized, the challenges presented by rapid technological advances have affected all of us -- not just the United States. Thus, potential sources of measurement bias should be seriously examined in all countries.