of recent research on quality change and comments on the current status of the CPI and of price measurement research …

matrix would reduce its 0.6 percent annual upward bias due to quality change and new products to a smaller 0.4 percent bias ….8 percent today. Yet the Boskin report, like most contemporary studies of quality change, failed to place sufficient value on …

productivity and employment growth across groups of countries within Europe. Throughout the postwar era until 1995 labor … productivity grew faster in Europe than in the United States. In the decade after 1995, productivity growth in the EU-15 slowed … while that in the US accelerated. Europe’s productivity growth slowdown was largely offset by faster growth than the US in …