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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
The author supports the type of the back-of-the-envelope calculations of CPI bias that the Commission used so effectively to attract public attention to its report. In the area of quality adjustment, however, he criticizes the Boskin Commission for what he calls “premature extrapolation,”...
Persistent link: https://www.econbiz.de/10005481867
The author provides a political economy interpretation of the rise and fall of public interest in price measurement, placing these developments in the context of the attempt by Congress and the White House to deal with growing deficits in the early to mid-1990s. He provides a detailed discussion...
Persistent link: https://www.econbiz.de/10005481869
We show that a "competing claims" model of imperfect competition can explain the movements of wages and prices in the …
Persistent link: https://www.econbiz.de/10005382262
The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that … offers the same answers on the minor role of prices in static macroeconomics. In spite of this, the New Neoclassical … the search for not just better answers, but for new questions regarding prices in a monetary theory. …
Persistent link: https://www.econbiz.de/10005464605
in current prices, and its economy will become the largest in the world. Consequently, China’s consumption of metals will …
Persistent link: https://www.econbiz.de/10011106077
This paper examines the behaviour of exchange rate pass-through to domestic prices in India after the reforms initiated … prices until recent years. Besides economic factors typically associated with economic liberalisation, the persistence of … higher inflation is an important factor for the rise in pass-through. …
Persistent link: https://www.econbiz.de/10011108958
In this paper the issue of causality between wages and prices in R.Macedonia has been tested. OLS relationship between … prices and wages is positive; productivity is not significant in determination of prices or wages too. Engle-Granger test …
Persistent link: https://www.econbiz.de/10011257693