Getting Prices Right
Getting Prices Right

Author: Dean Baker

Publisher: Routledge

Published: 2016-07-01

Total Pages: 201

ISBN-13: 131550264X

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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.

The Cost of Living in America, 1800-1980
The Cost of Living in America, 1800-1980

Author: John A. Garraty

Publisher: Cambridge University Press

Published: 1981

Total Pages: 440

ISBN-13:

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Prices constantly move up and down in response to changes in the supply of and demand for goods. But they are also affected by the amount of money and credit that consumers can command.

Price Index Concepts and Measurement
Price Index Concepts and Measurement

Author: W. Erwin Diewert

Publisher: University of Chicago Press

Published: 2010-02-15

Total Pages: 531

ISBN-13: 0226148572

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Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.

What Has Happened to the Quality of Life in the Advanced Industrialized Nations?
What Has Happened to the Quality of Life in the Advanced Industrialized Nations?

Author: Edward N. Wolff

Publisher: Edward Elgar Publishing

Published: 2004-01-01

Total Pages: 428

ISBN-13: 9781845420529

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Although per capita income in the United States outstripped that in other developed countries during the 1990s, it is questionable if the levels of welfare services that it provides to its citizens has kept pace. This study examines how the standard of living is measured.

Towards More Effective Monetary Policy
Towards More Effective Monetary Policy

Author: Iwao Kuroda

Publisher: Springer

Published: 1997-04-12

Total Pages: 444

ISBN-13: 1349253820

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This volume contains papers prepared for the Bank of Japan's Seventh International Conference which explore the operational and institutional framework for effective monetary policy implementation against the background of recent developments in economics and central banking practice. Features important contributions from leading figures from academia, central banks, and international institutions. Essential reading for anyone interested in central banking or the conduct of monetary policy.