Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/202906 
Year of Publication: 
2017
Series/Report no.: 
Working Papers No. 17-7
Publisher: 
Federal Reserve Bank of Boston, Boston, MA
Abstract: 
We present a vision for improving household financial surveys by integrating responses from questionnaires more completely with financial statements and combining them with payments data from diaries. Integrated household financial accounts - balance sheet, income statement, and statement of cash flows - are used to assess the degree of integration in leading U.S. household surveys, focusing on inconsistencies in measures of the change in cash. Diaries of consumer payment choice can improve dynamic integration. Using payments data, we construct a statement of liquidity flows: a detailed analysis of currency, checking accounts, prepaid cards, credit cards, and other payment instruments, consistent with conventional cash-flows measures and the other financial accounts.
Subjects: 
Surveys
diaries
payments
financial statements
cash flows
JEL: 
D12
D14
E41
E42
Document Type: 
Working Paper

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