We see rapid declines in prices of key products throughout the economy, but we do not see these price declines reflected in aggregate measures of inflation or in productivity growth. Relaunching our Measurement in the Modern Economy series, Ana Aizcorbe of the U.S. BEA and Leonard Nakamura of the Federal Reserve Bank of Philadelphia debate these issues and consider how mismeasurement might contribute to this picture.
This ESCoE event will take place at the National Institute of Economic and Social Research (NIESR), 2 Dean Trench Street, SW1P 3HE
