Getting Prices Right

Getting Prices Right

The Debate Over the Consumer Price Index

eBook - 1998
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Taylor
& Francis Publishing

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.

Book News
Presents both sides of the debate about the accuracy of methods used to determine the consumer price index (CPI) and its role in balancing the federal budget. Analyzes the Boskin Commission report, which states that the CPI was too high and needs to be adjusted downward to save billions of dollars in government entitlement payments and raise taxes, and raises serious doubts about the report's results. Includes many b&w charts and graphs. Paper edition $19.95, 0-7656- 0222-9. Annotation c. by Book News, Inc., Portland, Or.

Publisher: Armonk, N.Y. : M.E. Sharpe, c1998
ISBN: 9780585019888
0585019886
0765602229
0765602210
Characteristics: 1 online resource (ix, 190 p.) : ill

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