SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patron_anejo_por_favor who wrote (17414)9/11/2000 8:21:26 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i haven't read it yet...imo what chain-weighting mostly does is understate inflation...it's also based on hedonism (i.e. price increases are hedoned away).
the fatal flaw in the hedonic assumptions is that it leads to an overstatement of the contribution computer hardware makes to capital investment and productivity growth, as well as the (supposedly declining) cost of living.
however, as stated previously, any macro effects of this should be measurable in real dollars...if output is so much more productive, real dollar output should show that.
now, processor speeds and memory capacities are rising fast - and thus, what amounts to a very small slice of the overall economy, namely computer manufacturing (essentially the screwing together of the improved parts) distorts the whole economic picture via hedonic adjustments.
i'll look into the chain-weighting a bit further...i'll come back to this.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News