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research on related issues. Based on recent research, the author suggest that the bias estimate for 1995-96 should have been 1 ….2 to 1.3 percentage points, not 1.1 points. He estimates that the upward bias in the CPI has declined from the revised 1 …. Allowing for these, he concludes that the current upward bias in the US CPI is at least 1.0 percentage points per year. …
Persistent link: https://www.econbiz.de/10005481845
upward CPI bias, and discusses how these results eventually lead to the appointment of the Boskin Commission in 1995. He also … corresponding to the categories of bias identified by the Commission: upper and lower level substitution bias, quality change and … new products,and outlet bias. These changes included the introduction of a chained CPI (CCPI-U), the introduction of more …
Persistent link: https://www.econbiz.de/10005481864
its widely cited 1.1 percentage points CPI bias figure. The author also argues that the Commission ignored the possibility … that quality improvements could actually produce a net downward bias to CPI components because the implicit quality …
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 …
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
percentage point upward bias in price changes results in a one percentage point downward bias in real output growth and by … consequent productivity growth. An upward bias in price indexes implies that productivity growth is being underestimated. …
Persistent link: https://www.econbiz.de/10005650258
on the average difference between the price option and its present average value at maturity (the bias), and tries to … detect some temporal regularities in the pattern of this bias. We found some very surprising almost-periodic patterns for the … bias, in particular for the long-time maturities (not so clearly for the puts), as studied by spectral analysis. Le prix d …
Persistent link: https://www.econbiz.de/10005627163
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
Decades of accumulated knowledge empowers our quest to de-bias human cognition. However, I propose that improvement … cognitive bias as well as on the methods of de-biasing, but extends them by synthesizing a coherent theory. It contributes to …) How to de-bias? (c) Why does de-biasing have limitations? (d) Where to channel de-biasing efforts so as to reduce the …
Persistent link: https://www.econbiz.de/10010391956
Persistent link: https://www.econbiz.de/10003459484