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Fact and Fancy : CPI Biases and The Federal Budget
Oleh:
Klumpner, Jim
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 31 no. 2 (1996)
,
page 22-29.
Topik:
budget
;
CPI biases
;
federal budget
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Does the consumer price index have an upward bias ? The author believes that, while substitution and formula biases exist, together they might amount to 0,3 to 0,5 percentage points. Other alleged causes of bias are not considered significant. The budget negotiators already have incorporated substitution and formula adjustments in their baseline assumptions. To go beyond this is an attempt to camouflagean increase in taxes and a cut in social security, which could be refressive and call for excessive sacrifice by the elderly.
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