A01=Dean Baker
advanced cost of living measurement debate
Author_Dean Baker
basket
bias
BLS
Bos
boskin
Category=JHBC
Category=JPQB
Category=KCC
Category=KFFD
CES
commission
Consumer Price Index
cost-of-living
discount
economic statistics methodology
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
federal policy analysis
Federal Reserve
Fixed Weight Index
Follow
Formula Bias
Goods Bias
Granny Smith Apples
INAL REPORT
Index Formula
Index Number Construction
inflation adjustment
Lower Level Substitution
macroeconomic measurement
market
Outlet Substitution Bias
PCE
Percentage Points
Personal Consumption Expenditure Deflator
price index evaluation
Products Bias
quality
Quality Bias
Quality Change
Senate Finance Committee
SFC
social security indexing
stores
substitution
Substitution Bias
Upward Bias
Product details
- ISBN 9780765602220
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 30 Sep 1997
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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Compiled by the Bureau of Labor Statistics, the CPI is used to index Social Security payments and many other federal programs, as well as to adjust tax brackets. Today, the accuracy of the CPI is being hotly debated, particularly in light of the Boskin Commission report that concluded in December 1996 that the CPI overstates inflation by 1.1%. If accepted and applied in the formulation of economic policy, the report would have major implications for balancing the federal budget. It would have a direct impact on the lives of Americans who are beneficiaries of government programs as well as on everyone who pays taxes. In this book, Dean Baker introduces and explains the significance of the debate, presents the full text of the Boskin Commission report and finally discusses in a far-reaching and insightful analysis both the Commission's research methodology and its conclusions.
