@GlennLuk A PROBE INTO CHINA's OFFICIAL STATISTICS (by ex-deputy director general of NBS), p.94, says that imputed rents are calculated per current mkt value & annual depreciation rate in the quarterly HH income&spending survey.
@adamkwolfe @HongshenZhu the gap between “FoF Accounts (Physical Transaction)/Funds Uses in Households, Household Consumption” and “GDP by Expenditure Approach/Household Consumption Expenditure” is STIK amount. 2/2
@adamkwolfe @HongshenZhu it's true that China stops publishing HH DI income in FoF but you can still deduce STIK amount from other tables and further "HH DI". In the annual indicators of National Accounts, 1/2
@GlennLuk in "Maslow’s Hammer: Tyranny of the Accounting Identity, Part II", the data you used for HH consumption don't include social transfer in kind. you can check out US data for 2021, which is 68% and 74% respectively for exl. and incl. case.
@GlennLuk the OECD HH consumption data you used in article of GDP accounting identifies excludes social transfer in-kind. check out the US data manually, which will be 68% and 74% respectively for excl. and incl. it.
@ProfessorWerner we are kicking off a crypto-currency project combining key features including full reserve (Chicago Plan) backed money, quantitative lending guidance (from U of coz) and de-centralized banking operating model (after German cooperative banking).