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Getting Prices Right: Debate Over the Consumer Price Index : Debate Over the Consumer Price Index - Dean Baker

Getting Prices Right: Debate Over the Consumer Price Index

Debate Over the Consumer Price Index

Paperback Published: 30th September 1997
ISBN: 9780765602220
Number Of Pages: 200
For Ages: 18 years old

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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.

Acknowledgmentsp. ix
Introductionp. 1
Toward a More Accurate Measure of the Cost of Living: Final Report to the Senate Finance Committee from the Advisory Commission to Study the Consumer Price Index December 4, 1996p. 5
Executive Summaryp. 7
Introductionp. 11
Indexing the Federal Budgetp. 14
How the Cpi is Constructed: a Brief Introductionp. 17
the Consumer Price Index and a Cost of Living Index: Measurement Issuesp. 22
Quality Change and New Productsp. 29
Introductionp. 29
Introductionp. 50
Other Issuesp. 55
Other Issuesp. 65
Endnotesp. 67
Referencesp. 72
Appendix: Figuresp. 76
Members of the Advisory Commission to Study the Consumer Price Indexp. 77
Does the Cpi Overstate Inflation?: An Analysis of the Boskin Commission Reportp. 79
the Implications of the Boskin Commission's Conclusionsp. 82
the Evidence for an Overstated Cpip. 95
is Inflation the Same for Everyone?p. 125
the Cpi and a Cost-Of-Living Index Comparedp. 131
Conclusion: is the Cpi the Best Measure of Consumer Inflation?p. 140
Endnotesp. 142
the Record on Adjusting for Cpi Bias in Research by Commission Membersp. 148
Examples of New Car Reliability/Durability (quality Adjustments in the Cpi Since 1992p. 152
Referencesp. 153
Additional Views on the Accuracy of the Consumer Price Indexp. 157
Statistics Under the Spotlight: Improving the Consumer Price Indexp. 159
Testimony of Barry P. Bosworth Before the Senate Finance Committeep. 165
Statement by Martin Feldstein Before the Committee on Finance, United States Senatep. 171
Further Readingsp. 175
Indexp. 181
About Epip. 189
About the Editorp. 190
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780765602220
ISBN-10: 0765602229
Series: Economic Policy Institute
Audience: Professional
For Ages: 18 years old
Format: Paperback
Language: English
Number Of Pages: 200
Published: 30th September 1997
Country of Publication: GB
Dimensions (cm): 22.73 x 15.24  x 1.58
Weight (kg): 0.3