Monetary and Economic Studies Vol.17, No.3 / December 1999

The Boskin Commission Report and Its Aftermath

Robert J. Gordon

This paper summarizes the analysis and findings of the Boskin Commission, reviews criticisms, provides responses to criticisms, and summarizes recent changes in the CPI and recent research on price measurement.

Keywords: Inflation; Price measurement; Quality change; New products

Views expressed in the paper are those of the authors and do not necessarily reflect those of the Bank of Japan or Institute for Monetary and Economic Studies.

Copyright © 1999 Bank of Japan All Rights Reserved.

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