👋 New here? This is one of many YSI projects happening around the world, all year round. All projects are hosted by members of the YSI community. They provide an opportunity to advance your knowledge, and build research collaborations around a pressing economic issue.
- This project has passed.
The Boskin Commission and the Consumer Price Index
The Price Level and the Inflation Rate
Location:
Online
Type:
Other
YSI Presenters
Description
This our weekly discussion of the price level as it relates to Perry Mehrling's money view. The price level is the average price of goods in terms of money or, equivalently, the price of money in terms of goods. But what determines the price level? Why is the price level important? And how does it fit into the money view?
When we measure the price level, what is it, exactly that we're trying to measure? What outcomes will an accurate measurement help us achieve? Is our goal to be able to better implement policies that automatically adjust to changes in the price level? Is it to stabilize the price level better? Both? Is it more useful for a price index to be accurate over the short run or the long run?
What can these questions help us understand about the nature of money?
In mid-90s, the Boskin commission set out to study how well the consumer price index (CPI) reflected changes in the cost of living. We're reading a "The Boskin Commission Report: A Retrospective One Decade Later" by Robert J. Gordon.
Hosted by Working Group(s):
Organizers
Attendees
Alex Howlett
Jay Pocklington
Zane Rubaii
Sam Hummel
Larissa de Lima
Not the right project for you?
Take a look at the below.
They are open for applications.
Workshop on Island Economies and Ecological Planning in the Philippines
Ageing and Sustainable Futures Conference
Be the first to know:
Subscribe to the YSI newsletter to find out when new projects go live.
