Statistics Under the Spotlight: Improving the Consumer Price Index

26 Pages Posted: 4 Mar 1997

See all articles by William A. Barnett

William A. Barnett

University of Kansas - Department of Economics

Katharine G. Abraham

University of Maryland - Joint Program in Survey Methodology and Department of Economics; National Bureau of Economic Research (NBER)

Robert J. Gordon

Northwestern University - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Jack E. Triplett

The Brookings Institute

David W. Wilcox

Federal Reserve Board - Division of Research and Statistics

Kirk M. Wolter

University of Chicago - National Opinion Research Center (NORC)

Abstract

The position taken by William Barnett in this panel discussion is that federal government agencies, including the Bureau of Labor Statistics, view researchers as being among those who comprise the audience for produced data, but not necessarily the most important members of that audience.Recently, political pressures from Congress have been at center stage. Barnett takes the position that more focus on the data needs of economic researchers and econometricians would result in substantial gains in data quality and sample size available to economists. As an example to illustrate his point, he displays the results possible by linking Commerce Department data with the early NBER data of Simon Kuznets to produce a data base covering a much longer period of time than is included in the official Commerce Department data alone. The panel discussion that follows Barnett's taped comments emphasizes the concerns of the Commission that recently announced its recommendations regarding revision of the CPI.

JEL Classification: J0, E4, N1

Suggested Citation

Barnett, William A. and Abraham, Katharine G. and Gordon, Robert J. and Triplett, Jack E. and Wilcox, David W. and Wolter, Kirk M., Statistics Under the Spotlight: Improving the Consumer Price Index. Available at SSRN: https://ssrn.com/abstract=221 or http://dx.doi.org/10.2139/ssrn.221

William A. Barnett (Contact Author)

University of Kansas - Department of Economics ( email )

213A Summerfield
Lawrence, KS 66049
United States
785-864-2844 (Phone)

Katharine G. Abraham

University of Maryland - Joint Program in Survey Methodology and Department of Economics ( email )

College Park, MD 20742
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Robert J. Gordon

Northwestern University - Department of Economics ( email )

2003 Sheridan Road
Evanston, IL 60208
United States
847-491-3616 (Phone)
847-491-5427 (Fax)

HOME PAGE: http://faculty-web.at.northwestern.edu/economics/g

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Jack E. Triplett

The Brookings Institute ( email )

1775 Massachusetts Ave. NW
Economic Studies
Washington, DC 20036-2188
United States

David W. Wilcox

Federal Reserve Board - Division of Research and Statistics ( email )

20th and C Streets, NW
Mailstop 153
Washington, DC 20551
United States

Kirk M. Wolter

University of Chicago - National Opinion Research Center (NORC) ( email )

55 E. Monroe, Ste. 4800
Chicago, IL 60603
United States
(312) 759-4086 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
558
rank
47,234
Abstract Views
2,489
PlumX Metrics