The Boskin Commission Report: Introduction to the Symposium and Implications for Productivity

Jack E. Triplett

International Productivity Monitor, 2006, vol. 12, 5-6

Abstract: Brief introduction to the symposium highlighting the importance of price measurement for reliable productivity estimates. Accurate price indexes are essential for reliable productivity measurement. the author points out that a one 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.

Keywords: United States; Boskin Commission; Boskin; Measurement; Prices; Consumer Price Index; CPI; Bias; CPI Bias; Consumer Price Index Bias (search for similar items in EconPapers)
JEL-codes: B41 C80 C82 E31 E61 E65 O47 O51 (search for similar items in EconPapers)
Date: 2006
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