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Getting Prices Right - Debate Over the Consumer Price Index (Hardcover)
Loot Price: R4,367
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Getting Prices Right - Debate Over the Consumer Price Index (Hardcover)
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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.
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