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inflation and on unemployment. This relationship can be motivated by the existence of the Taylor rule. Using micro survey data … mainly driven by disagreement on inflation. Exploring further determinants, we confirm that central bank transparency as well …
Persistent link: https://www.econbiz.de/10010504015
inflation expectations to their own lagged forecasts as well as proxies for the rational expectation forecasts. The model builds … in inflation expectations extensively documented in the literature. We estimate the model using data from two important … Survey of Consumer Expectations. We find that inflation expectations appear to correlate more strongly to measures of …
Persistent link: https://www.econbiz.de/10012322148
Persistent link: https://www.econbiz.de/10011704288
Der Aufsatz gibt einen Überblick über die Quellen von Verzerrungen des US-amerikanischen Konsumentenpreisindexes (CPI) nach oben und unten und diskutiert die Massnahmen, die das Bureau of Labor Statistics ergriffen hat, um sie zu beseitigen. Die verbliebenen Verzerrungen werden quantifiziert....
Persistent link: https://www.econbiz.de/10002521570
in terms of differing statistical methods. -- National Accounts ; governance ; inflation and growth comparisons …
Persistent link: https://www.econbiz.de/10002746141
The author reviews the book Information Technology and the American Growth Resurgence by Dale Jorgenson, Mun Ho, and Kevin Stiroh, which provides a detailed analysis of the remarkable rebound in productivity and output growth in the last decade. He notes that the book can be considered a...
Persistent link: https://www.econbiz.de/10005292736
This twelth issue of the International Productivity Monitor, published by the Centre for the Study of Living Standards, differs from past issues. Five of the six articles address one topic, namely the impact of the Boskin Commission after one decade on price measurement. A final article...
Persistent link: https://www.econbiz.de/10005157592
The author summarizes the report’s methods, findings, and recommendations, and then reviews the comments and criticisms that appeared soon after the report was issued. Changes in CPI methodology are also summarized and assessed, as is recent research on related issues. Based on recent...
Persistent link: https://www.econbiz.de/10005481845
The author provides a BLS response to the Boskin Commission from the perspective of ten years following the release of the report. He documents the research on price indexes done at the BLS in the first half of the 1990s that pointed to upward CPI bias, and discusses how these results eventually...
Persistent link: https://www.econbiz.de/10005481864
The author highlights the extremely salutatory effect the Boskin Commission has had on international price statistics, promoting open discussion of price measurement issues, engendering dialogue between statistical agencies and users, and encouraging research. Less positive in the author'sview...
Persistent link: https://www.econbiz.de/10005481866