Getting Prices Right - Debate Over the Consumer Price Index

An introduction to the significance of the debate surrounding the accuracy of the Consumer Price Index. The work presents the full text of the Boskin Commission report (stating that the CPI overstates inflation by 1.1per cent) and discusses the Commission's research methodology and its conclusions.

List of contents

Introduction, Dean BakerPart 1 Toward a More Accurate Measure of the Cost of Living, Michael J. BoskinChairman, Ellen R. Dulberger, Robert J. Gordon, Zvi Griliches, Dale JorgensenPart 2 Does the CPI Overstate Inflation?, Dean BakerPart 3 Additional Views on the Accuracy of the Consumer Price Index, Katharine G. Abraham, Barry P. Bosworth, Martin Feldstein;

About the author

Dean Baker

Summary

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.

Product details

• Authors: Dean Baker, Baker Dean
• Publisher: Taylor and Francis
• Languages: English
• Product format: Hardback
• Released: 30.09.1997
• EAN: 9780765602213
• ISBN: 978-0-7656-0221-3
• No. of pages: 200
• Weight: 453 g
• Subjects: Social sciences, law, business > Business > Economics; USA, SOCIAL SCIENCE / Research, POLITICAL SCIENCE / Public Policy / Social Policy, POLITICAL SCIENCE / Public Policy / Economic Policy, BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Public Finance, SOCIAL SCIENCE / Statistics, POLITICAL SCIENCE / American Government / National, United States of America, USA, Social research & statistics, Central / national / federal government policies, Public finance, Microeconomics, Social research and statistics, Central government policies, Public finance and taxation