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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. …
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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 …
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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 …
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The author supports the type of the back-of-the-envelope calculations of CPI bias that the Commission used so …
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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...
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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. …
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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...
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