The Boskin Commission Report After a Decade: After-life or Requiem?

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Abstract

This article examines why CPI bias has faded from public discourse a decade after the Boskin Commission Report, and assesses what has and has not been resolved. The author traces the political economy of the Commission’s work, reviews BLS improvements to the CPI since 1996, and evaluates ongoing debates about substitution bias, quality adjustment, and new goods bias. He argues that while substantial progress has been made, significant issues remain unresolved, and the Commission’s influence on international statistical practice continues.

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